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Rupee appreciates against dollar on Wednesday
Jan-25-2023

Indian rupee appreciated against dollar on Wednesday despite subdued domestic market sentiments. Investors awaited cues from the Union Budget due to be unveiled next week and some key economic data to be released in the coming days. Besides, investors were expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track. On the global front, dollar ticked up on Wednesday in subdued trading as investors looked towards the Federal Reserve's policy decision next week, while the euro slipped from near a nine-month high. 

Finally, the rupee ended at 81.61 (Provisional), stronger by 2 paise from its previous close of 81.63 on Tuesday. The currency touched a high and low of 81.76 and 81.49 respectively.

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