Rupee opens 5 paise down at 71.03 against dollar

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New Delhi: Rupee opened at Rs 71.03 per dollar against the previous close of Rs 70.98

The rupee settled 2 paise down at 70.98 in the previous session. During the day, INR saw a high of 70.87 and a low of 71.02.

Brent crude oil traded 0.48 percent lower at $65.78 per barrel while WTI crude fell 0.64 percent to $60.55 per barrel on Wednesday.

Rupee consolidated in a narrow range for a second successive session on Tuesday despite gains in domestic equities, but lack of cues on the domestic front kept the overall momentum low. The local currency on Tuesday settled 2 paise down at 70.98 against the greenback.

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