The Indian rupee that opened higher against the U.S. dollar on Tuesday pared gains shortly. The rupee is now trading at 55.5655 against the greenback, down from early high of 55.4055. The pair ended Monday's deals at 55.425.
Reserve Bank of India's quarterly monetary policy review is due shortly.
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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.