The rupee gained 2 paise on Wednesday, closing at 87.19 (provisional) against the US dollar amid global market volatility driven by tariff uncertainties and a slight rebound in the American currency index.
Forex analysts noted that rising crude oil prices weighed on the local currency, limiting its gains, while selling pressure in domestic equities and continued foreign capital outflows also influenced the movement.
Additionally, market participants remained cautious, awaiting key macroeconomic data releases from both India and the US later in the day.