The Indian rupee opened lower on Wednesday, facing pressure from rising crude oil prices. Geopolitical tensions and demand for safe-haven assets also weighed on the domestic currency.
The Reserve Bank of India's measures are helping to cushion the rupee's decline. Meanwhile, Indian stock markets experienced a downturn in early trade.
Foreign institutional investors remained net buyers of equities on Tuesday.
This story was reported by The Times of India. Read the full coverage at The Times of India.
