The Indian rupee spiked up against the U.S. dollar in later deals on Wednesday on the back of a gain in regional stocks.
The benchmark BSE Sensex ended higher at 20,005, up 14 points or 0.07 percent, while the broader Nifty index rose 6 points or 0.1 percent to close at 6,056.
The rupee that closed Tuesday's deals at 53.7655 against the greenback firmed to 53.2555, its strongest level since October 19. The rupee may seek next resistance level around 53.00.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.