The US Dollar Indian Rupee exchange rate is trading lower on Wednesday after two days of gains. The pair trades -0.2%% at 73.59.
The Rupee is trending higher despite rising oil prices and falling domestic stock markets. Oil is attempting to claw background after diving over 6% on demand fears in the previous session.
The US Dollar is trading higher versus its major peers although lower versus the Rupee. Investors are taking AstraZeneca’s developments in their stride after it announced it was halting its vaccine trial. There is no data today. Investors will look to tomorrow’s jobless claims.