Rupee falls 22 paise to 70.32 against US dollar

Mumbai: The rupee weakened by 22 paise to 70.32 against the US dollar today, hurt by fresh demand for the American currency from importers.

Traders said besides fresh demand of the US currency from importers, dollar's strength against some currencies overseas weighed on the domestic unit. 

Also Read | Rupee gains 11 paise against dollar in early trade

Also Read: Rupee strengthens 20 paise against US dollar

Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency.

Also Read | Funds inflows lift rupee to 63.60 against dollar

Meanwhile, the benchmark BSE Sensex rose nearly 100 points to hit another record of 38,989.65, and Nifty too hit a peak of 11,751.05, up 12.55 points or 0.11 per cent. (PTI)

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