Rupee Drops Further, Opens 16 Paise Lower Against US Dollar. 5 Points

The Indian rupee weakened by 16 paise in morning trade on Tuesday to open at 68.96 against the US dollar, reported Press Trust Of India (PTI). The fall in Indian rupee in today's trading is due to sustained capital outflows amid strengthening of the American currency overseas. With this drop, the Indian currency is extending losses for the second session, said PTI. On Monday, the rupee ended lower by 34 paise to end at a near five-ye...