Rupee Extends Gain To 7th Day, Edges Past 71 Mark Against Dollar: 10 Points ndtv.com

Continuing its upmove for a seventh straight day, the rupee gained as much as 26 paise to edge past the 71 mark against the dollar on Friday. After starting the session at 71.01, the rupee gained further ground to touch 70.88 against the greenback in morning. Weakness in global crude oil prices and foreign fund inflows amid a steady dollar supported the rupee, say analysts. The latest bout of rise in the rupee comes after macroeconomic data fuelled hopes of further easing of monetary policy by the central bank going forward.