The Indian rupee that plunged to a 6-day low against the dollar in early deals on Wednesday recovered its losses as the regional stocks turned positive after a weak start.
After slipping to as low as 17,028 earlier in the session, the BSE Sensex has recovered considerably and is now trading near the day's high at 17,158, up 106 points or 0.62% and the Nifty is up by 0.54%.
At present, the rupee is worth 45.44 per dollar, up from a 6-day low of 45.83 hit at 11:20 pm ET. If the Indian currency gains further, it may target an early Asian session's 7-week high of 45.3650.
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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.