💨 Abstract

The Indian rupee rebounded by 3 paise to close at 85.69 against the US dollar on Wednesday, due to a resurgence of foreign fund inflows. This recovery followed a 11 paise loss on Tuesday. The rupee faced pressure due to liquidity constraints, concerns over reciprocal tariff implementations, and month-end demand for the US currency from importers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖