Ella 
The Indian rupee (INR) weakened on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist attractions in Kashmir have been closed since Tuesday as traders reacted to unconfirmed reports of military activity.
Nevertheless, positive domestic markets and a fall in crude oil prices could help limit the INR’s losses. Foreign investors stepped up their purchases of Indian equities over the past week, a reversal from selling pressure earlier this month.
Looking ahead, traders will focus on the US ADP employment change due later on Wednesday. Additionally, the Personal Consumption Expenditures price index (PCE) and preliminary readings for the first quarter gross domestic product (GDP) will also be released. On Friday, all eyes will be on the US non-farm payrolls (NFP) report for April.
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