Rupee Reverses Day's Losses To Close Above 70 Per Dollar: 10 Points

The rupee traded in the range of 69.71-70.10 against the US dollar during the session. The government attributed the fall in the currency to global factors and that central bank intervention - in terms of selling of dollars - may not provide much support to the currency. "Even if the rupee falls to 80, it will not be a concern provided all other currencies depreciate," Economic Affairs Secretary Subhash Chandra Garg said. There i...