Anna 
The Indian Rupee (INR) experiences mixed trading on Wednesday as various factors influence its performance. The local currency found support from upbeat Indian Retail Inflation data for February, leading to a decline in the USD/INR pair on Tuesday.
However, the Indian Rupee faces headwinds in the form of renewed demand for the US Dollar (USD) from importers, a risk-averse market sentiment, and potential intervention by the Reserve Bank of India (RBI).
Investor focus will shift to India’s Wholesale Price Index (WPI) of Food, Fuel, and Inflation on Thursday, providing insights into the country’s economic landscape. Additionally, the spotlight will be on the US Retail Sales data scheduled for Thursday, with expectations of a 0.8% month-on-month improvement in February compared to a 0.8% drop in January. This US economic indicator can further impact the INR’s performance.
Traders will closely monitor these developments to gauge the INR’s trajectory in the coming sessions.
