In early deals on Wednesday, the Indian rupee declined to a 2-day low of 51.01 against the U.S. dollar. If the rupee weakens further, it may target 51.2 level. The greenback-rupee pair is now worth 51.00, compared to 50.72 hit late New York Tuesday.
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Forex 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.