The Indian rupee wiped out its early gains against the U.S. dollar in later deals on Wednesday.
The rupee is now trading at 53.86 against the greenback, reversing from more than a 2-week high of 53.6255 hit earlier. The pair closed yesterday's deals at 54.0955.
India's economy is set to expand in the range of 6.1 percent to 6.7 percent in 2013-14 as the downturn is more or less over and the economy is looking up, according to the Economic Survey tabled in Parliament today.
For the fiscal ending March 2013, economic growth is estimated to decelerate to 5 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.