Mumbai, Nov. 3 -- The Indian rupee extended its descent for the third straight day and settled five paise down at 88.75 (provisional) against the US dollar on Monday, near its all-time low level, weighed down by a strong American currency and foreign fund outflows. The dollar index continues to add strength near a three month high as Fed Chair Jerome Powell hinted that it may be the central bank's last reduction for the year, citing the risk of making additional moves without a more robust picture of the economy. DXY quoted at 99.71 today. Domestic equities, however, ended on a positive note and supported the domestic unit at lower levels. Shares ended little changed on Monday after a choppy session. Caution prevailed ahead of a big week ...