The Indian rupee opened sharply lower against the U.S. dollar on Thursday amid uncertainty in global markets.
Sentiment also faded as the political uncertainty in India following Mamata Banerjee's decision to pull out of the Congress-led United Progressive Alliance Government in Delhi may hinder the government's reform agenda.
The rupee declined to 54.4175 per dollar, its lowest level since September 14. The next support level for the rupee is seen at 55.00.
by RTT Staff Writer
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