The Indian rupee edged higher on Wednesday, helped by the central bank keeping its key rate steady, though impending higher tariffs on shipments to the United States are likely to keep the currency under pressure.

RBI on Wednesday kept its policy interest rate unchanged, as policymakers weighed the risks posed by changing global trade policies and the uncertainties surrounding the potential for higher tariffs by the US President Donald Trump's administration.

The U.S. has increased tariffs on Indian goods to penalize India's Russian oil purchases, impacting exports. The RBI maintained interest rates amidst global uncertainty and recent economic policies. Meanwhile,