Indian Rupee Rebounds: Strengthens to 90.15 Against US Dollar

• The Indian Rupee recovered to 90.15 against the US Dollar on Wednesday, improving from a previous low of 91.08.
• This recovery follows a significant decline, with the rupee falling 5.97% this year, making it the worst-performing Asian currency.
• Amit Parbati of CR Forex attributes the pressure on the rupee to uncertain global trade volatility and decreased foreign investment.
• He noted that the dollar also faced pressure, suggesting potential market recovery if commercial instability subsides.
• The rupee had previously hit its lowest point on December 16, trading at 91.0325 against the dollar.

Why It Matters: Indian Rupee shows recovery against US Dollar, strengthening to 90.15 amidst global trade volatility.