In later deals on Wednesday, the Indian rupee ticked down against the U.S. dollar as the latter advanced across the board following the re-election of U.S. President Barack Obama.
Indian shares rose for a sixth consecutive session as a second Obama administration meant that the U.S. Federal Reserve will stay its course on expansionary monetary policy.
The rupee is now trading at 54.2355 against the greenback, down from an early 2-day high of 53.9655. The greenback-rupee pair closed yesterday's deals at 54.43.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.