(Reuters) -Indian shares opened lower on Thursday after the United States said it would impose a 25% tariff on goods imported from the country starting August 1 and an unspecified penalty. The Nifty 50 fell 0.

According to the Bloomberg data, Indian rupee has depreciated 0.83 percent in last two weeks. On a year-to-date basis, the local currency is under pressure and second worst performing among Asian peers.

NEW DELHI (Reuters) -Indian opposition parties criticised the government on Thursday, describing U.S. President Donald Trump's threat of a 25% tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news.