Ella 
The Indian rupee (INR) traded in positive territory for the fifth consecutive day on Wednesday. A weaker US dollar (USD) and a continued fall in crude oil prices cushioned the Indian currency’s losses. It is worth noting that India is the world’s third largest oil consumer and lower crude prices tend to have a positive impact on the value of the Indian currency.
Separately, U.S. President Donald Trump said on Monday he was considering granting temporary exemptions to tariffs on imported cars and parts to give automakers more time to establish production operations in the United States. However, tensions between the United States and China are escalating, which could weigh on Asian currencies including the Indian rupee.
Looking ahead, investors will focus on U.S. retail sales for March, due later on Wednesday, which are expected to show a 1.3% increase from the previous month. In addition, a speech by Federal Reserve (Fed) Chairman Jerome Powell will also be in focus.
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