an india rupee note is seen in this illustration photo june 1 2017 reutersthomas whiteillustration mumbai aug 10 reuters  the indian rupee eked out gains on wednesday supported by dollar inflows over the last two days amid a dip in oil prices and the easing of the greenback ahead of crucial us inflation data the partially convertible rupee ended at 7952 per dollar up from its close of 7966 on monday indias financial markets were shut on tuesday for a holiday markets have been consolidating in a small range ahead of the us inflation data but there have been some dollar inflows today due to the holiday on tuesday said dilip parmar research analyst at hdfc securities after a day of lacklustre trade the rupee could be a bit volatile at the open on thursday but will steady itself parmar said adding that the usdinr pair faces resistance at 7990 national stock exchange usdinr options expiring this friday signal traders are hedging against rupee depreciation as the combined open interest on 7950 7975 and 8000 strike usdinr call options rose to 143 million up 35 from monday the rupees asian peers were mostly lower before the release of data which could offer clues on the quantum of the next rate hike when the federal reserve meets in september expectations of a 075 percentage point rate increase have climbed following a strong us jobs report last friday the dollar index dropped 02 against a basket of six currencies as investors stayed away from placing big bets the indian currency has hovered near the 80 level amid expectations that the reserve bank of india will not allow it to depreciate further from the psychologically important mark a slide in oil prices on expectations that druzhba pipeline flows to central europe would resume shortly also kept the rupee afloat reporting by anushka trivedi in mumbai editing by anil dsilva