Indian Rupee ended higher against the US dollar on Wednesday as a positive trend in domestic equities and easing crude oil prices supported investor sentiments. Traders got support after a labour bureau has said that retail inflation for farm workers and rural labourers eased to 5.99 per cent and 5.84 per cent, respectively, in May 2023. Point-to-point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (rural labourers) stood at 6.50 per cent and 6.52 per cent respectively in April 2023 and 6.67 per cent and 7.00 per cent respectively during the corresponding month (May 2022) of the previous year. On the global front, Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, paring some of the previous day's losses as oil prices recovered.
Finally, the rupee ended at 82.02 (Provisional), stronger by 7 paise from its previous close of 82.09 on Tuesday. The currency touched a high and low of 82.13 and 81.99 respectively.
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