 "Rupee settles below 70 after three months, crude oil slides further")
The rupee opened 17 paise higher at 71 against the US dollar on Monday amid decline in crude oil prices.
The domestic unit weakened by 10 paise to close at 71.17 on Friday amid increasing demand for the greenback from exporters and heavy selling in domestic equities.
On a weekly-basis, the currency registered a marginal gain of 2 paise. It had registered losses in the previous two successive weeks.
Foreign investors pulled out close to Rs 6,000 crore so far from the Indian stock markets in January and experts believe this trend will continue in the coming months as well. This comes following
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