The Indian rupee depreciated to an all time low during the day, but ended slightly stronger at 85.01 per US dollar on a closing basis, due to the rebalancing of FTSE’s equity index and interventions from the Reserve Bank of India, traders said. The rupee hit a low of 85.10/$1 during the day, before closing at 85.01/$1, slightly stronger than its previous close of 85.07/$1, LSEG data showed. The currency declined 0.2% on a weekly basis. Intervention by the RBI at 85.10/$1 levels helped cap further depreciation in the rupee, traders said. “The rupee gained a little due to FTSE rebalancing inflows of about $ 1 billion and likely RBI intervention as the rupee gained from a low of 85.1/$1 to 85.01/$1,” said Anil Bhansali, head of treasury at Finrex Treasury Advisors. The dollar index was slightly lower at 108.2, down 0.2% from the previous day, retreating from a two year high.Investors now wait for the US personal consumption expenditure (PCE) data expected later on Friday. Focus on US PCE data heightened after the US Federal Reserve pointed to a high inflation and scaled back rate cut projections for 2025.