Rupee ends lower at 71.02 per dollar

On October 23, the rupee rose 3 paise to close at 70.91 against the US dollar amid lack of triggers and geopolitical uncertainties.

Indian rupee erased all its morning gains and ended lower by 11 paise at 71.02 per dollar.

Rupee opened higher by 11 paise at 70.80 per dollar versus previous close 70.91.

It touched an intra-day high of 70.76 per dollar

The Sensex was down 38.44 points at 39,020.39, and Nifty was down 21.50 points at 11,582.60.

On October 23, the rupee rose 3 paise to close at 70.91 against the US dollar amid lack of triggers and geopolitical uncertainties.

Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains.

Oil slipped below USD61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in US crude inventories and the prospect of further action by OPEC and its allies to support the market, reported Reuters. Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.