logrotate does not remove the logs after the configured period

Issue

• logrotate script not removing log files older than two days.

/var/log/rsyslog-application/*.log
/var/log/rsyslog-application/*.log {
    daily
    rotate 2
    notifempty
    nocreate
    dateext
    compress
    sharedscripts
    postrotate
       /bin/kill -HUP `cat /var/run/syslogd.pid 2> /dev/null` 2> /dev/null || true
    endscript
}

• Above logrotation configuration should keep only two files and remove all the logfiles.
  But it is not working as expected.