Rupee ends at 70.53, 10 week low against USD

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Mumbai, May 13 (UNI) Extending losses for the fifth consecutive session on Monday, the Rupee was down by 62 points to 70.53, a ten-week-low on brisk demand for US Dollars by importers, dealers at Forex Mareket said.

The local unit sipped by 26 paise to 70.14 in opening session.

It lost ground by 62 paise to 70.53 as compared to its previous close. High oscillation was witnessed during the day as it registered day high and low at 70.55 and 70.09 respectively.

Firmer dollar against other world currencies and sliding stock market kept the Rupee down, they added.

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