The Indian rupee extended the losses and trading at day's low against the US dollar on Thursday amid weak domestic equities and a firm greenback.
The rupee opened 7 paise lower at 74.45 against the dollar from the previous close of 74.38/$.
On the economy front, Union Finance Minister Nirmala Sitharaman said that the government will announce a few measures related to the stimulus.
"Strong recovery of the economy has been evident. PMI rose to 58.9 in October. Strongest increase in output in close to 9 years. Energy consumption growth trended higher in October at 12% yoy. RBI has predicted a strong likelihood of Indian economy returning to positive growth in the third quarter itself, ahead by a quarter of the earlier forecast. Prominent economists have suggested that the rebound is not only due to pent up demand, but also strong economic growth," Finance Minister Nirmala Sitharaman.
Meanwhile, the BSE Sensex is trading at 43,314.56 down 279.11 points or 0.64% and the Nifty50 is currently trading at 12,681.95 down 67.20 points or 0.53%.
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