The Indian rupee is staying with a downward bias on Wednesday morning as dollar regains strength on the back of hawkish comments from Federal officials. Federal Reserve (Fed) Governors Michelle Bowman and Lisa Cook on Tuesday suggested that the central bank is unlikely to kick start its rate-cutting cycle anytime soon amid a resilient US economy. Investors now focus on Thursday's release of the final US Q1 GDP print and the Personal Consumption Expenditures (PCE) for further cues. Uptick in US benchmark treasury yields at 4.26% are supporting dollar index at 105.32. Yesterday, rupee added further gains, registering an appreciated of 3 paise against the US dollar. The benchmark S&P/BSE Sensex ended the session up 712 points, or 0.92 percent, at 78,053, after having hit a fresh record high of 78,165 earlier in the session. Likewise, the broader NSE Nifty50 touched a record high of 23,754 before closing at 23,721, up 183 points, or 0.78 percent, from its previous close. RBI data showed India's current account balance recorded a surplus of $5.7 billion, or 0.6 percent of GDP in the January-March 2024 quarter, driven by a lower merchandise trade deficit.