Forex traders said the domestic unit witnessed a slight negative bias on weak global equities and concerns over global economic growth.
Moreover, dollar demand from importers also dented investor sentiments.
At the interbank foreign exchange market, the local unit opened at 83.98 and witnessed an intraday high of 83.97 against the American currency. The domestic unit finally settled for the day at 83.97, registering a gain of 4 paise from its previous close.
On Wednesday, the rupee breached the crucial 84-mark for the second time within a month and settled 3 paise lower at 84.01 against the American currency.
"The Indian rupee which continued to drop to a record low witnessed a range-bound trading session as it stayed wedged between negative global cues and intervention from the central bank," said Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
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