 "Rupee settles below 70 after three months, crude oil slides further")
The rupee on Monday slipped 29 paise to open at 69.87 against the US dollar as crude oil prices surged after the United States and China agreed a truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. Minutes later, the home unit depreciated further and touched the 70-mark per dollar. At 09:17 am, the rupee was trading at 70.05.
The domestic currency on Friday strengthened by 27 paise to close at a four-month high of 69.58 against the US currency, extending gains for a
