The Indian rupee has extended the losses and trading near day's low level at 71.06 per dollar, down 18 paise. It has touched an intra-day low of 71.09 per dollar. It opened lower by 8 paise at 70.96 per dollar versus Friday's close 70.88. The domestic equity market is trading volatile with Nifty below 11,150, while Sensex is down over 100 points.

The Indian rupee on September 24 dropped 7 paise to close at 71.01 against the US dollar as foreign fund outflows and subdued equities weakened forex market sentiment. However, easing crude oil prices and weaker greenback against rival currencies restricted the rupee fall to some extent. Foreign investors pulled out Rs 828.49 crore from Indian equities on September 24, according to exchange data.

The Indian rupee on September-17 weakened by another 18 paise to settle at 71.78 against the US dollar as investors fretted over higher crude oil-prices. Elevated crude oil-prices have emerged as major fears for India the world's third largest oil importer in form of fiscal slippage and inflationary pressure. The local-unit finally settled for the day at 71.78, down 18-paise over its previous closing.