The rupee dropped by 8 paise to close at 73.55 against the US dollar on Monday, extending its falling streak to a third day due to spike in global crude oil prices and strong American currency.
At the interbank forex market, the local unit opened lower at 73.76 against the greenback and witnessed an intra-day high of 73.19.
The local currency finally ended at 73.55 against the American currency, registering a fall of 8 paise over its previous closing.
On Friday, the rupee had settled at 73.47 against the American currency.