 "Rupee settles below 70 after three months, crude oil slides further")
The rupee on Thursday opened 5 paise lower at 69.61 against the US dollar amid fall in crude oil prices and subdued Asian equities. The domestic unit on Tuesday ended at 69.56, up 46 paise, mainly on account of slip in crude oil prices.
Forex markets were shut on Wednesday on account of International Labour Day.
Outside the United States, oil markets remained tense on Thursday as exemptions to US sanctions on Iran expired, a political crisis in Venezuela escalates, and as producer club OPEC keeps withholding supply. Brent crude oil futures were at $71.91 per barrel at 8:09 am,
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