Rupee opens 8 paise lower against US dollar amid subdued global cues

The rupee on Thursday opened eight paise lower at 71.05 against the US dollar. The domestic unit on Wednesday snapped its three-session winning streak to end at 70.97, down 28 paise. 

Rupee on Wednesday rose against the US dollar in the first half of the session but was weighed down in the later half following gains in the dollar against its major crosses. In the last few sessions volatility for the dollar has increased as better-than-expected economic numbers from the US is keeping the greenback supported at lower levels and flip-flop on trade talks is keeping the gains capped, said