Mumbai, Aug 25 (TIWN) The rupee ended 7 paise higher at 79.88 against the US dollar on Thursday.

At the interbank foreign exchange market, rupee ended at 79.88 against the US dollar, as against 79.81 on the previous trading session.  "USDINR spot closed 7 paise higher at 79.88 due to hawkish comments from a Fed member. Atlanta Fed president Raphael Bostic told WSJ that if data turn out to be strong till the September meeting, 75-bps hike is on the table. These comments did rattle a few nerves ahead of US Fed chairman Jerome Powell's speech at the Jackson Hole symposium on Friday," said Anindya Banerjee, VP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities Ltd.