Rupee falls 6 paise to settle at 87.12 against US dollar
Mumbai, Mar 6 (PTI) The rupee snapped its three-day rally and settled with a loss of 6 paise at 87.12 (provisional) against the US dollar on Thursday amid uncertainty over trade tariffs and persistent foreign fund outflows. According to forex traders, investors moved cautiously awaiting the weekly unemployment claims data from the US and the monetary policy announcement by the European Central Bank. While a positive equity market, weakness of the American currency in the overseas market and easing crude oil prices contained the losses for the local unit. In initial trade the local currency gained momentum after the US