The Indian rupee dipped on Thursday, extending a two-session decline, pressured by weaker Asian peers and importer hedging after a central bank-led relief rally.
The rupee was at 95.7550 per U.S. dollar as of 12:45 p.m. IST, after settling at 95.7050 on Wednesday. The currency has meandered in a narrow range through the session and is currently near its lowest level of the day.