Rupee falls 22 paise to 70.40 against USD in early trade

January 03, 2019 10:26

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, while falling crude oil prices capped rupee's losses. The 30-share BSE index was trading lower by 84.30 points, or 0.23 per cent, at 35,807.22. Similarly, the broader NSE Nifty was trading down 34 points, or 0.32 per cent, at 10,758.50. -- PTI

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