In early deals on Tuesday, the Indian rupee fell sharply against its U.S. counterpart. The rupee that closed Monday's deals at 52.525 against the greenback declined to more than a 3-month low of 52.79. The next downside target level for the rupee is seen at 53.3.
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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.