The US dollar has posted its worst January in three decades after US President Donald Trump and his trade adviser accused Germany, China and Japan of exploiting currencies to gain a trade advantage over the US.
Japanese policymakers hit back on Wednesday at U.S. President Donald Trump's accusation of currency manipulation, stressing that Japan was abiding by a Group of 20 agreement to refrain from competitive currency devaluation.
Mumbai: The Indian rupee closed 0.57% stronger, the maximum in eight month, against the US dollar on Wednesday, after finance minister Arun Jaitley announced a fiscal deficit target that was in line with estimates. This is the sixth consecutive session when the rupee closed higher.
Next trading day's important events
- USDJPY: 113.67
- EURUSD: 1.0752
- S&P 500: 2278.87
- NASDAQ : 5614.79