Rupee Edges Lower To Close At 70.49 Against Dollar

The rupee on Friday weakened by 8 paise to close at 70.49 against the US dollar on rise in demand for the American currency from exporters coupled with unabated rise in global crude oil prices. Besides, foreign fund outflows and stronger dollar against its key rival currencies impacted the rupee trading pattern. At the Interbank Foreign Exchange, the rupee opened strong at 70.38 a dollar against the previous close of 70.41. The local...