Rupee settles 6 paise lower at 71.37 against US dollar

Rupee settles 6 paise lower at 71.37 against US dollar

The Indian rupee on Friday fell by 6 paise to close at 71.37 (provisional) against the US dollar tracking heavy selling in domestic equities and strengthening of the American currency in the overseas market. Forex traders said the rupee consolidated in a narrow range as strengthening of the US dollar, rise in crude oil prices and heavy selling in domestic equities weighed on the local unit.

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