The rupee dropped 20 paise to close at 71.07 against the US dollar as heavy selling in domestic equities and unabated foreign fund outflows kept investors edgy.

The currency opened on a strong note at 70.75, but during the day it lost ground and fell to a low of 71.16. It finally settled at 71.07, lower by 20 paise against its previous close.

comment COMMENT NOW