Indian rupee ended marginally higher against dollar on Wednesday, on persistent selling of the American currency by exporters. Traders remained positive as US India Business Council stated that regular engagement between India and the United States under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services. Meanwhile, Union Finance Minister Nirmala Sitharaman states that the money taken away from the banks will be taken back as the government is actively pursuing the cases of loan defaulters and will not let them go scot-free, particularly those who have fled the country. On the global front; pound was little changed on Wednesday, within striking distance of its 11-month low against the dollar, as expectations for a rate hike supported the greenback.
Finally, the rupee ended 74.40, stronger by 2 paise from its previous close of 74.42 on Tuesday. The currency touched a high and low of 74.54 and 74.31 respectively.
