💨 Abstract

The Indian rupee closed slightly stronger on Wednesday, ending at 83.9950 against the U.S. dollar, thanks to interbank dollar sales towards the end of the session. The currency had been locked in a narrow range close to its all-time low of 84.0750. Dollar demand from foreign banks and negative equity market performance contributed to the rupee's weakness, but routine RBI interventions helped limit its losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖