The Indian rupee (INR) has been experiencing a turbulent period as it navigates through fluctuating global forces, including a weakened U.S. dollar and the pressures exerted by Chinese yuan fluctuations. On Wednesday, the rupee showed initial strength, reaching a high of 85.07 per U.S. dollar, but its gains were short-lived as it quickly retraced to 85.51. The currency's movements highlighted the fragile balance between global and domestic factors influencing the exchange rate. Despite a modest recovery later in the day, rising by 0.1% to 85.2325 INR per U.S. dollar by 10:50 AM IST, the Indian rupee's performance remains largely dictated by external economic pressures and market sentiment.