The Indian rupee little changed at 72.1850 pair now at 72.21 against 72.40 previous close.
Pair to tip in 72.10-72.40 range today.
Dollar/rupee opened down Wednesday tracking the weakness in greenback following a data showing slowdown in US manufacturing sector. Dollar is down after weak factory data from the US. The USD index, the gauge that measures the trade-weighted performance of the greenback against its six major counterparts, was at 98.91 on Wednesday from 99.28 at the close of spot on Tuesday.
Global Currency
The dollar pulled back on Wednesday as weak U.S. manufacturing stoked wagers on aggressive policy easing, while the British pound recouped losses in the wake of a parliamentary vote that opened the door for another Brexit delay. Manufacturing activity in the world's biggest economy contracted for the first time in three years last month, according to the Institute for Supply Management.
The sterling was pushed higher after British lawmakers voted to take control of the parliamentary agenda and scheduled another vote on Wednesday. If the vote is successful, it would force Prime Minister Boris Johnson to seek more time from the European Union and prevent leaving the bloc without a divorce deal. prospect of a so-called "hard Brexit" has been a major source of worry for currency markets.
Global Markets
Gold prices held steady near a one-week high on Wednesday, supported by weak U.S. manufacturing data that heightened fears of an economic slowdown and soured risk sentiment. Spot gold XAU= was up 0.1% at $1,548.31 per ounce.
Oil held losses after a surprise contraction in American manufacturing and a warning from President Donald Trump highlighted the impact and intractability of the U.S.-China trade war.
