The Indian rupee extended its early decline against the U.S. dollar in afternoon deals on Thursday.
Breaching the key 56.00 mark, the rupee touched 56.0125 against the greenback for the first time since September 7, 2012. The rupee may find support around 56.5 level. The pair ended Wednesday's trading at 55.6605.
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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.