Rupee drops 22 paise against US dollar
Dealers attributed the rupee's fall to increased demand for the US currency from importers and foreign fund outflows.
Besides, a lower opening of the domestic equity market too weighed on the rupee.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 795.06 crore yesterday, provisional data showed.
Yesterday, the rupee had surged by 35 paise to end at a new two-week high of 67.43 against the US dollar after a surprise crash in crude prices quickly faded near-term trade deficit and inflation worries.
Meanwhile, the benchmark BSE Sensex fell by 57.30 points, or 0.16 per cent, to 35,108.18 in early trade today.
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