The Indian rupee extends loses in opening trades on Wednesday tracking global pessimistic scenario amid Trump tariff policies. Sharp fall in international crude oil prices and persistent weakness in dollar overseas also fails to cap downside in the counter. Rupee opened at Rs 86.52 per dollar and dropped to a low of 86.60 so far during the day. The domestic currency declined for the third straight session on Tuesday, logging the maximum single-day loss in nearly three months amid a looming global trade war stoking fears of economic meltdown. Rupee tumbled 50 paise to settle at 86.26 against the US dollar. Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight. The major averages on Wall Street climbed off their worst levels going into the close but still posted significant losses on the day. The Nasdaq plunged 335.35 points or 2.2 percent to 15,267.91, the S&P 500 slumped 79.48 points or 1.6 percent to 4,982.77 and the Dow slid 320.01 points or 0.8 percent to 37,645.59.

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