On Wednesday, the Indian rupee became stronger against the US dollar. This is good news for India's economy! The rise happened because of a few important reasons.

First, the US dollar became weaker, and oil prices dropped. This helped the rupee gain strength. Also, many banks in India sold dollars, and the Reserve Bank of India (RBI) worked to keep the rupee stable, stopping it from falling below 87.40-87.50 in recent days.

Right now, the rupee is trading at 87.12, which is 7 paise stronger than Tuesday's value of 87.19. During the day, it reached a high of 87.2075 and a low of 87.1050.

However, some problems in the global market made it difficult for the rupee to rise more. US President Donald Trump increased taxes (tariffs) on products from China, Canada, and Mexico.

This has made people worried about a trade war, which could slow down the world's economy.

Also, Foreign Institutional Investors (FIIs) sold stocks worth ₹3,405.82 crore on Tuesday, which shows they are being careful with their investments.

The rupee's gain is a positive sign, but the future is uncertain. Will it continue to grow stronger, or will global issues push it back down? The next few days will be important for India's currency.