Rupee snaps 2-day winning streak; settles 27 paise down at 71.62 against USD

Mumbai, Nov 28 (PTI) The rupee snapped its two-day winning streak to finish 27 paise lower at 71.62 against the US dollar on Thursday, as month-end dollar demand from importers ahead of the GDP number weighed on the domestic currency.

Forex traders said, the domestic unit was trading in a narrow range as investors are awaiting clarity on the US-China trade deal front.

At the interbank foreign exchange market, the local currency opened on a positive note at 71.33 but lost ground during the day to touch a low of 71.67. It finally settled at 71.62, lower by 27 paise against its previous close.

On Wednesday, the domestic unit had closed at 71.35 against the US dollar. PTI DRR BAL