 "Rupee settles below 70 after three months, crude oil slides further")
The rupee slipped by 10 paise to 69.33 against the US dollar in the opening deals on Monday. The domestic unit had closed at 69.23, down 6 paise on Friday, owing to increasing demand for the greenback from importers.
During the week, the rupee lost 9 paise. It was the second consecutive week of loss for the local currency.
This week, on the domestic front, inflation and industrial production number will be released and that could trigger a move for the currency, says Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services. "Today, USD/INR pair is expected to open at 69.60
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