The Indian rupee strengthened by 18 paise against the US dollar on Wednesday, opening at 94.42 compared to its previous close of 94.60. The domestic currency touched its strongest level since May 7, 2026, reflecting improved investor sentiment and easing concerns over India's import bill.
The central government has increased the base import prices of gold and silver, reversing a sharp reduction announced just days earlier, according to a notification issued by the Central Board of Indirect Taxes and Customs (CBIC) on Monday.
