Indian rupee ended weaker against the US dollar on Wednesday, on increased demand for the greenback from importers and banks. Investors remain concerned with the finance ministry’s report stated that the government's total liabilities (including liabilities under the 'Public Account') stood at Rs 125.71 lakh crore in the September quarter (Q2FY22), up 3.97 per cent from the previous quarter. The total liabilities of the government were Rs 120.91 lakh crore in the three months ended June (Q1FY22). However, downfall remain capped as Reserve Bank of India’s (RBI) report said that non-banking financial companies (NBFCs) are expected to remain buoyant going ahead, with the increased pace of vaccinations and the broadening revival of the economy. On the global front, dollar inched up on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction.
Finally, the rupee ended 74.71 (Provisional), weaker by 1 paise from its previous close of 74.70 on Tuesday. The currency touched a high and low of 74.86 and 74.68 respectively.
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