Indian Rupee ended higher against the US dollar on Wednesday tracking the weakness of the American currency in the overseas market. Significant foreign fund inflows and easing crude oil prices also supported the Rupee. Traders took support with a private report that India's consumer inflation likely cooled to an 18-month low in April as rises in food and fuel prices moderated, keeping it below the Reserve Bank of India's upper tolerance limit for the second consecutive month. On the global front, dollar seesawed on Wednesday after U.S. President Joe Biden and top lawmakers made no headway in the debt ceiling crisis, although volatility was minimal ahead of inflation data that could be instrumental in determining where interest rates head.
Finally, the rupee ended at 82.00 (Provisional), stronger by 6 paise from its previous close of 82.06 on Tuesday. The currency touched a high and low of 82.09 and 81.96 respectively.