Rupee settles 4 paise down at 71.35, slides for 6th day

On a weekly basis rupee has depreciated by 19 paise.

Published: 27th December 2019 05:27 PM  |   Last Updated: 27th December 2019 05:27 PM   |  A+A-

Indian currency, rupees, INR, money

For representational purposes ( File Photo | Reuters)


MUMBAI:  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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