The Indian rupee opened lower by 19 paise at 72.02/$ on Wednesday vs. its previous close of 71.83/$.
The Indian rupee on Tuesday rose 11 paise to close at 71.83/$ as fears of a conflict in the Middle East abated which eased crude prices. A rebound in the domestic equity markets also supported the domestic unit.
However, news of Iran firing missiles on US forces in Iraq sent stocks in the red on Wednesday.
Oil prices jumped to their highest in months on Wednesday, while gold soared as investors scurried to gold for cover.
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