The Indian rupee extended its early rally against the U.S. dollar in late afternoon deals on Tuesday. The rupee soared to a 6-week high of 54.685 against the greenback with 54.00 seen as the next near term upside target level. The greenback-rupee pair ended yesterday's deals at 55.435.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.