Rupee vs Dollar: Rupee extends losses for 5th day, ends at 3-week low as high crude oil takes toll

At the interbank foreign exchange market, the rupee had opened higher at 71.26 against the US dollar. The rupee lastly settled at 71.31 versus the US dollar, lower by 4 paise over its previous close of 71.27 on Tuesday. Rupee fell for the 5th day in a trot in the middle of higher crude and more powerful dollar versus Asian currencies.

At the interbank foreign exchange market, the rupee had opened higher at 71.26 versus the United States dollar. The rupee finally settled at 71.31 versus the US dollar, lower by 4 paise over its previous close of 71.27 on Tuesday.”Indian rupee diminishes on month-end dollar demand from importers. Rupee fell for the 5th day in a trot in the middle of greater crude and more powerful dollar against Asian currencies.