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.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Forex News