The Indian rupee traded lower against the U.S. dollar in early deals on Monday.
Breaching 55.00 level, the rupee touched 55.05 per dollar, a level not seen since March 8. The rupee may eye support around 55.5 level. The pair ended Friday's trading at 54.88.
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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.