Rupee opens 4 paise higher at 95.40 against US dollar

The rupee is the money used in India, and the dollar is the money used in the United States.

On Wednesday morning, the rupee started the day worth a tiny bit more compared to the dollar.

India has a special bank called the Reserve Bank of India that watches over the country's money.

That bank has been selling dollars to stop the rupee from losing too much value.

Oil is getting more expensive, and India needs to buy a lot of oil from other countries.

Buying oil costs dollars, so more people want dollars, which makes the rupee weaker.

People who sell things in India are also buying dollars early to protect themselves.

Everyone is now waiting for new numbers from America that show how fast prices are rising there.

Those numbers might tell us whether the rupee will get stronger or weaker next.