Indian rupee strengthens against US dollar on Wednesday

The Indian rupee strengthened to 87.12 against the US dollar on Wednesday, supported by a weaker dollar, falling crude oil prices, and RBI's defense of the 87.40-87.50 range. However, concerns over a potential trade war due to US tariffs on China, Canada, and Mexico limited gains. FIIs offloaded equities worth Rs 3,405.82 crore on Tuesday.