Ella 
The Indian rupee (INR) continued to rise on Wednesday, supported by strong intervention by the Reserve Bank of India (RBI). Besides, selling of US dollar (USD) by exporters and profit booking by speculators also provided some support to the local currency.
However, the rupee’s gains may be limited by concerns over India’s sluggish economic growth, a widening trade deficit, higher crude prices and the possibility of new trade tariffs from the United States. Later on Wednesday, investors will focus on India’s consumer price index (CPI), industrial output and manufacturing output for January. On the US economic calendar, CPI inflation data will be closely watched. In addition, Raphael Bostic and Christopher Waller of the Federal Reserve (Fed) will also speak.
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