Continuing prevision session thrashing, Indian rupee ended weaker against dollar on Wednesday, on emergence of demand for the greenback from importers. Traders were worried on report that Goods and Services Tax (GST) collection slipped below Rs 1 lakh crore in June for the first time in eight months as the second wave of the Covid pandemic and the resultant lockdowns hit businesses and the economy. However, downfall remained capped as government brought Department of Public Enterprises (DPE) under the Finance Ministry in order to better control public sector enterprises as it looks to privatize them. On the global front; sterling steadied versus the dollar and the euro on Wednesday after hitting a week's high against the dollar and a 12-day high against the euro this week as Britain set out reopening plans following the COVID-19 pandemic.
Finally, the rupee ended 74.62, weaker by 7 paise from its previous close of 74.55 on Tuesday. The currency touched a high and low of 74.79 and 74.59 respectively.