The Indian rupee edged lower against its US counterpart on Thursday morning, hitting a fresh 2-month low of 50.89 around 9:50 am IST. This was down by more than 0.5 percent from Wednesday's close of 50.6250. On the downside, the rupee may find support around the 51.0 level.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.