Indian rupee ended flat on Wednesday despite firm domestic equities. Losses were limited as Chief Economic Advisor (CEA) V Anantha Nageswaran has said that the size of Indian economy is expected to cross $4 trillion in current fiscal (FY26). He said with the geopolitics in a ‘huge state of flux’, economic growth is very vital prerequisite to maintain India's standing and leverage in the global scheme of things. Besides, India Ratings and Research (Ind-Ra) has raised India's GDP growth projection for the current fiscal to 7 per cent on the back of high growth in the June quarter and less impact of the US tariff hike on global growth and trade. On the global front, ringgit snapped its three-day winning streak to close lower against the US dollar as well as other major and regional currencies on Wednesday, amid profit-taking by traders.
Finally, the rupee ended at 89.24 (Provisional), depreciated by 1 paisa from its previous close of 89.23 on Tuesday. The currency touched a high and low of 89.28 and 89.17 respectively.
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