The Indian rupee firmed on Wednesday, ending at 87.73 per U.S. dollar compared with 87.80 in the prior session, after the Reserve Bank of India’s Monetary Policy Committee kept its benchmark repo rate steady at 5.50%. The modest rebound follows an all-time low earlier in the week and came despite lingering concerns over U.S. trade tariffs. Globally, the U.S. Dollar Index hovered a little above 98.5 before slipping later in New York trading as investors positioned for further Federal Reserve easing and awaited President Donald Trump’s choice to fill a vacancy on the Fed’s Board of Governors. Fed-funds futures now assign close to 89% odds to a 25-basis-point cut in September and price in about 58 basis points of total easing this year.