Rupee falls 25 paise now at 70.46 per dollar

Rupee continued to remain under pressure and weighed down on back of strength in the dollar. Indian rupee opened flat at 70.46 per dollar on Thursday against previous close 70.46.

Rupee extended its losses by another 25 paise to close at 70.46 against the US dollar as continued rise in global crude oil prices weighed on sentiments. Besides, the stronger US dollar against major global currencies also put pressure on the domestic currency.

Crude oil rose as the extension of US-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff. On the domestic front, there is speculation doing round that the government may soon come out with a package to support farmers.

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