Rupee declines by 21 p at 71.23 against USD

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Published on : 15 Oct, 19 05:10

Rupee declines by 21 p at 71.23 against USD

The rupee today declined by 21 paise to close at a three-week low of 71 rupees and 23 paise against the US currency. 

The domestic currency's depreciation was mainly because of investors rushing to safe-haven bets on fading hopes of an initial trade deal between the US and China. Analysts said, weak Chinese trade data also weighed on the rupee.



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