The Indian rupee declined against the U.S. dollar in later deals on Wednesday. The rupee fell to 56.14 against the greenback, its weakest level since June 1. On the downside, the rupee may target 56.3 level. At Tuesday's close, the pair was quoted at 55.955.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.