Rupee cuts short 5-day gaining streak; edges down 1 paise to 70.87 against dollar
Snapping its five-day winning run, the rupee on Tuesday slipped by 1 paise to close at 70.87 against the US dollar ahead of the signing of the US-China trade deal and weak macro economic data on the domestic front. The domestic currency had opened on a strong note in line with other Asian peers after the US on Monday removed the currency manipulator label it imposed on China last summer. However, weak macro data weighed, rising crude oil prices and strengthening of the American currency in the overseas market dragged…
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