The domestic currency in Wednesday's trade opened lower at 69.56 in comparison to the previous day's close of 69.43 per dollar.

The decline has come on the back of more pronounced fears on the US-China trade war front. And in its wake, stocks across the Asian markets have weakened and bonds have rallied.

And taking global cues, Indian markets are also likely to open lower in trading session today.

The yield on 10-year benchmark bonds came in at 7.39%. RBI has announced infusion of more funds into the system via OMOs and swap deal to ease liquidity pressure

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