The Indian rupee pared its morning gains against the US dollar during afternoon deals in India on Wednesday. The rupee thus eased from a 9-day high of 46.950 against the dollar. As of now, the dollar-rupee pair is worth 46.09 and if the Indian currency slides further, it may target the 46.4 level.
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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.