The Indian rupee opened slightly higher by 8 paise at 71.13/$ amid continued focus on the effects of the new virus that originated in China.
The rupee on Tuesday ended lower by 10 paise at 71.21/$ amid concerns over IMF revising India's growth forecast downwards and weak quarterly earnings.
The Chinese yuan and Asian equities recovered from yesterday’s selloff.
The yen rose, while the yuan slipped as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country's economy and trade partners.
US stocks retreated from record highs overnight over concerns around the economic impact of a deadly coronavirus outbreak in China.
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