The Indian rupee opened lower against the U.S. dollar amid a decline in regional stocks.
Indian markets fell, tracking weak Asian cues as more disappointing data from Europe overshadowed expectations that policymakers will announce stimulus measures.
The rupee declined to a 2-day low of 55.0705 per dollar and the next downside target level for the rupee is seen at 55.5. The pair finished Wednesday's deals at 54.495.
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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.