The Indian rupee that opened higher against the U.S. dollar on Tuesday pulled back shortly. The rupee that edged up to 55.3205 against the greenback is presently trading at 55.41. The pair ended Monday's deals at 55.525.
Finance Minister Chidambaram ordered a review of tax provisions yesterday that have a retrospective effect and vowed to take measures to bring down interest rates, spur investment and ease the burden on consumers.
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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.