(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 a Moneycontrol report, major Nifty losers include Tata Motors, Dr. Reddy's Laboratories, Reliance Industries, Bharti Airtel, and Titan Company. On the gaining side, Jio Financial, SBI Life Insurance, and Tata Steel saw some positive movement.

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.