2026-06-17 02:17:30 pm | Source: Accord Fintech
Rupee strengthens against US dollar in early trade on Wednesday
The Indian rupee strengthened against the US dollar in early trade on Wednesday as Brent crude oil prices and the US dollar index retreated further from their elevated levels, ahead of an interim peace deal between the United States and Iran scheduled to be signed in Switzerland on Friday. Additional support came from firm domestic equities ahead of the US Federal Reserve's first policy decision under Chair Kevin Warsh, where interest rates are widely expected to remain unchanged. Meanwhile, Foreign institutional investors (FIIs) offloaded equities worth Rs 749.18 crore on a net basis on Tuesday, exchange data showed.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India among APAC`s most AI-ready healthcare markets
India`s solar-powered agriculture model a scalable b...
Integrated mobility, transit-oriented development ke...
IOCL, BPCL, HPCL shares rally as crude oil slips bel...
Indian pharmaceutical market records 12 pc growth in...
Driven by defence sector reforms, India makes mark a...
Cargo operations commence at Noida International Air...
BSE-listed firms regain $5 trillion market cap on ea...
Indian-origin Cursor cofounder`s net worth hits $5.5...
Gold, silver decline as easing geopolitical tensions...
