The Indian rupee is likely to open near its lifetime low on Thursday and possibly decline further through the session, fueled by bets that Donald Trump's U.S. presidency will herald a period of a stronger dollar and higher U.

The dollar is struggling to extend its gains due to uncertainty over Donald Trump’s proposed policies following his U.S. presidential election victory, Rabobank’s Jane Foley says in a note. A “huge amount” of uncertainty remains on the size and extent of Trump’s policies,