Rs  settles 9 paise down at 71.12 towards $

Rs  settles 9 paise down at 71.12 towards $

The rupee weakened by means of 9 paise to shut at 71.12 against the US dollar on Friday due to a constant upward push in crude oil expenditures and strengthening of the greenback overseas.

Forex traders said the rupee was weighed down against the US greenback after the RBI stated it will conduct a one-of-a-kind OMO in a pass seen by means of market participants as an attempt to carry long-term yields lower.

At the interbank overseas trade market, the domestic currency opened weak at 71.15, then went on to hit a low of 71.23 towards the US greenback at some point of the day.