Japan's Nikkei 225 declined 0.8 percent after snapping a six-day losing streak in the previous session while China's Shanghai Composite fell 0.5 percent.
The rupee depreciated by 6 paise to 64.08 against the dollar in morning at the interbank foreign exchange today due to concerns over widening fiscal deficit.
The Centre yesterday introduced a long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh, resulting in volatility in forex market.
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