• The Indian Rupee attracts some sellers in Wednesday’s early Asian session. 
• The weakening in Asian peers and month-end USD demand weigh on the INR. 
• Investors await the Fed's Waller and Bostic speeches on Wednesday for fresh impetus. 

The Indian Rupee (INR) extends its losses on Wednesday, pressured by the weakness in Asian peers and US Dollar (USD) demand from importers. Nonetheless, positive domestic markets and Federal Reserve (Fed) Chair Jerome Powell's dovish comments at the Jackson Hole meeting last week might cushion the local currency’s downside. 

Later on Wednesday, the Fed's Christopher Waller and Raphael Bostic are scheduled to speak. The advanced US Gross Domestic Product (GDP) Annualized for the second quarter (Q2) will be published on Thursday, which is projected to grow 2.8%. On Friday, the US Personal Consumption Expenditures (PCE) Price Index and Indian GDP Quarterly for the first quarter (Q1) of fiscal 2024-25 (FY25) will be in the spotlight.