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Rupee snaps 2-day winning streak; settles 27 paise down at 71.62 against USD

Press Trust of India  |  Mumbai 

The rupee snapped its two-day winning streak to finish 27 paise lower at 71.62 against the US dollar on Thursday, as month-end dollar demand from importers ahead of the GDP number weighed on the domestic currency.

Forex traders said, the domestic unit was trading in a narrow range as investors are awaiting clarity on the US-China trade deal front.

At the interbank foreign exchange market, the local currency opened on a positive note at 71.33 but lost ground during the day to touch a low of 71.67. It finally settled at 71.62, lower by 27 paise against its previous close.

On Wednesday, the domestic unit had closed at 71.35 against the US dollar.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 28 2019. 17:20 IST