Rupee better off than other currencies, has not weakened, says Jaitley

The Indian rupee, in yet another closing low of 71.75, was down 17 paise against the US currency as surging oil prices and a weak trend in emerging market currencies weighed on sentiments

Even as the rupee's unabated fall continued for the sixth straight day Wednesday, Finance Minister Arun Jaitley Wednesday attributed the fall to global factors and stressed that the domestic unit was better off as compared to other currencies.

The rupee's unabated fall continued for the sixth straight session Wednesday as it hit yet another closing low of 71.75 against the US dollar, tumbling 17 paise.

The battered rupee has lost 165 paise in the last six trading sessions.

"If you look at the domestic economic situation and the global situation, there are virtually no domestic reasons which are attributable to