Mumbai: The Indian rupee on Thursday fell for the fourth straight session to close at a two-week low against the US dollar, joining a rout among peers across Asia as traders remained on the edge ahead of trade talks between US and China this week. The rupee ended at 69.95 a dollar, a level last seen on 26 April, down 0.33% from its previous close of 69.71. A Chinese delegation headed by Vice Premier Liu He is scheduled to arrive in Washington on Thursday for trade talks with US officials. The benchmark Sensex index fell 0.61% to 37,558.91 points. The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.612, down 0.01% from its previous close of 97.623.

Source: Mint May 09, 2019 11:37 UTC