In later deals on Wednesday, the Indian rupee ticked down against the U.S. dollar as the latter advanced across the board following the re-election of U.S. President Barack Obama.
Indian shares rose for a sixth consecutive session as a second Obama administration meant that the U.S. Federal Reserve will stay its course on expansionary monetary policy.
The rupee is now trading at 54.2355 against the greenback, down from an early 2-day high of 53.9655. The greenback-rupee pair closed yesterday's deals at 54.43.
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Forex News
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.