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Rupee sheds three-day gains

MUMBAI: The rupee snapped its three-day gaining streak on Thursday and tumbled by 71 paise to end at 43.74/76 against the U.S. currency as banks heavily covered their short dollar positions ahead of the month-end. With this fall, the local currency has almost lost all its three-day gains in a stroke. In active trade at the interbank foreign exchange market, the local currency fluctuated in a wide range of 43.25 and 43.80 after resuming at 43.30/32 against Wednesday's close of 43.04/05 a dollar. — PTI

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