Rupee extends losses, trades at 71.53 per dollar

19 February, 2020 12:00 AM printer

Rupee extends losses, trades at 71.53 per dollar

NEW DELHI: The Indian rupee has extended the losses and trading at day’s low level at 71.53 per dollar, with selling seen in the domestic equity market.

It opened lower by 11 paise at 71.40 per dollar versus previous close 71.29, report agencies. On Monday, rupee added 8 paise to settle at 71.29 against the US dollar, helped by some moderation global crude prices.

Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets.

Gold prices eased in a thin volume trade on Monday as risk appetite improved after China took further efforts to limit the economic impact from the coronavirus outbreak.