The Indian rupee on Tuesday lost another 18 paise to close at 69.60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices.
The local currency has depreciated by 68 paise in the last three days.
Besides, strong dollar against its rival currencies built additional pressure on the rupee. However, persistent foreign fund inflows and heavy buying in domestic equities supported the rupee and capped the losses to some extent.
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 69.55 and fell further to touch the day’s low of 69.69. It finally ended at 69.60 per dollar, down by 18 paise against its previous close.
The rupee on Monday had declined by 25 paise to close at 69.42 a dollar.