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Rupee Settles 4 Paise Down At 71.35, Slides For 6th Day

The Rupee Depreciated By 4 Paise To Close At A Fresh Three-week Low Of 71.35 Against The US Dollar On Friday, Continuing Its Losing Streak For The Sixth Day In A Row Amid Steady Rise In Crude Oil Prices.

PTI | Updated on: 27 Dec 2019, 05:23:09 PM
Rupee Settles 4 Paise Down At 71.35, Slides For 6th Day

New Delhi:

The rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar on Friday, continuing its losing streak for the sixth day in a row amid steady rise in crude oil prices.

Forex traders said the USD/INR spot has been trading in a tight range amid lack of cues. At the interbank foreign exchange market, the domestic currency opened at 71.26 and later fluctuated between a high of 71.19 and a low of 71.40.

The domestic unit finally settled at 71.35, showing a fall of 4 paise over its previous close of 71.31 on Thursday. On a weekly basis rupee has depreciated by 19 paise.

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First Published : 27 Dec 2019, 05:23:09 PM