Indian rupee witnessed mild weakness against the U.S. dollar on Wednesday as tensions between Iran and US escalated after US carried out ‘self-defence strikes’ against Iran in response to the downing of a US helicopter by Iranian forces. Besides, investors overlooked the report released by SBI research, which said that the Reserve Bank of India’s (RBI) recent measures to attract foreign capital are expected to bring in $55-65 billion of inflows in the current fiscal (FY27), helping stabilise the rupee and turning the country's balance of payments (BoP) into a surplus. On the global front, the South Korean won has strengthened against the U.S. dollar on Wednesday as authorities stepped up efforts to stabilize the foreign exchange market.
Finally, the rupee ended at 95.43 (Provisional), weakened by 2 paise from its previous close of 95.41 on Tuesday. The currency touched a high and low of 95.56 and 95.07 respectively.
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