The Indian rupee fell against the US dollar to its weakest level in nearly 6-months on Wednesday as domestic equities erased their early gains to end modestly lower ahead of the Federal Reserve Chairman Ben Bernanke's congressional testimony.
Disappointing fourth quarter results from the engineering & construction giant Larsen & Turbo also brought the positive sentiment down, sending the BSE Sensex 49 points or 0.25 percent lower at 20,062 and the broader 50-share Nifty index falling by 20 points or 0.32 percent to 6,094.
Extending its 5-day losing streak, the rupee reached 55.64 against the dollar on Wednesday afternoon, its weakest level since November 29. Next key levels to watch for the rupee on the downside are 55.90, 56.0, 56.50 and 57.30.
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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.