Rupee weakens to 55.4, ECB fails to lift investor spirit

Mumbai: The Indian rupee was lower in opening trade on Friday, in line with the weak euro after markets were underwhelmed by the European Central Bank’s latest attempt to boost the region’s economy.

[caption id=“attachment_369376” align=“alignleft” width=“380”] AFP. Local stocks are also likely to open lower tracking Asian cues.[/caption]

During the market opening trade the rupee was at 55.49/51 as against its Thursday close of 54.94/95.

Local stocks are also likely to open lower tracking Asian cues, adding to the pressure on the local currency.

Reuters