The Indian rupee fell in the early morning trade on Wednesday after industrial output contracted by the most in almost seven years. The local unit opened lower by 29 paise at 71.75/$ vs. Monday's close of 71.46/$.
Also, investors looked for clarity on the first phase of a trade agreement between the US and China that would ease tariffs. The US President Donald Trump failed to give any details after he told the Economic Club of New York on Tuesday that Beijing wants to make a trade deal.
The currency market was shut on Tuesday on account of Guru Nanak Jayanti.
The rupee ended lower by 19 paise at 71.46 against the US dollar after fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.
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