Mumbai, May 17: Snapping its three day winning streak the Rupee on Friday fell by 20 paise to 70.22,on brisk demand for US Dollars by importers, dealers at Forex Market said.
Rising crude oil prices and US-China trade related concerns weighed on investor community.Besides the US-China trade concerns, foreign fund outflows also kept pressure on the Indian rupee, trader added.The rupee opened weak at 70.22 at the interbank forex market and then fell further to touch day low of 70.32, down 30 paise over its last close.
However, a positive close in domestic equities supported the local unit and restricted the fall. On Thursday Rupee gained 30 paise to settled at 70.02 against the US dollar. UNI