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
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