The Indian rupee that slipped to 46.2250 against the US dollar at 10:30 pm ET Tuesday traded in a loose range thereafter, but the rupee rose after 12:00 am ET Wednesday. As of now, the rupee is worth 46.04 per dollar. If the Indian currency gains further, it may target a 1-week high of 45.91 hit earlier in the day.
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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.