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Indian rupee shows mild strength against dollar on Wednesday
Jun-17-2026

Indian rupee showed mild strength against the U.S. dollar on Wednesday supported by fall in crude oil prices with Brent crude oil trading below $79 a barrel mark amid easing tensions in West Asia. However, capital outflows from foreign institutional investors (FIIs) have weighed on investors risk sentiment. FIIs were the net seller on Tuesday’s session, offloading securities worth Rs 749.18 crore. Meanwhile, India and Canada agreed to conclude negotiations on a free trade agreement by the end of 2026. The decision was taken during wide-ranging discussions between Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, focusing on enhancing cooperation in defence, trade, and energy. On the global front, the British pound has weakened against the U.S. dollar on Wednesday ahead of the Bank of England’s monetary policy decision. 

Finally, the rupee ended at 94.59 (Provisional), strengthened by 1 paisa from its previous close of 94.60 on Tuesday. The currency touched a high and low of 94.60 and 94.29 respectively.

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