Rs two extends losses for 5th day

Rs two extends losses for 5th day

The rupee erased its early good points to settle down by using 4 paise at a three-week low of 71.31 in opposition to the US foreign money on Thursday, marking its fifth straight day of losses amid heavy promoting in domestic equities and constant upward jostle in crude oil prices.

Month-end dollar demand and weak point in domestic equities weighed on the home currency, forex traders said.

At the interbank overseas alternate market, the rupee had opened greater at 71.26 in opposition to the US dollar. During the day, the domestic unit fluctuated between a excessive of 71.22 and a low of 71.35. The rupee sooner or later settled at 71.31 in opposition to the US dollar, lower by means of four paise over its previous close of 71.27 on Tuesday. two  two