The INR opened higher by 25 paise today at 71.45 per USD.
This was after the rupee hit a fresh 6-month of 71.70/$ over economic uncertainties.
Investors remained risk averse owing to the economic slowdown, foreign fund outflows, and weak emerging market currencies.
Market participants expect that the government will soon announce a slew of stimulus measures to revive consumer demand across sectors.
Meanwhile, Brent crude rose above $60 a barrel for the first time in over a week on Wednesday owing to a larger-than-expected drawdown in US crude inventories. However, ongoing worries about a global economic slowdown capped gains.
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