The Indian currency slipped in the early morning trade against the US dollar amid a rebound in crude oil prices and concerns over economic growth.
The local unit opened 15 paise lower at 71.22/$. The currency markets were closed on Wednesday on account of Gandhi Jayanti.
The currency on Tuesday dropped 20 paise to close at 71.07 amid heavy selling in domestic equities, unabated foreign fund outflows kept investors edgy.
The United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies, as per media reports. EU manufacturers are already facing US tariffs on steel and aluminium and a threat from US President Donald Trump to penalize EU cars and car parts, the media reports added.
Further, the market sentiment remained fragile ahead of US-China trade meet on October 10.
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