The Indian rupee firmed against the U.S. dollar in morning deals on Wednesday as regional stocks gained, tracking firm Asian cues after the U.S. earnings season kicked in, with Alco's fourth-quarter sales beating analysts' estimates.
The rupee that finished Tuesday's trading at 55.005 per greenback climbed to a 5-day high of 54.8575. If the rupee extends rise, it may break 54.00 level.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.