Rupee Falls 22 Paise to 70.40 Against US Dollar in Early Trade
The rupee Thursday slumped 22 paise to 70.40 against the US dollar amid strengthening greenback and sustained foreign fund outflows
Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.30 and fell further to touch a low of 70.40 a dollar, down 22 paise over its previous closing
On Wednesday, the rupee had depreciated 75 paise to 70.18 against the American currency
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