Rupee falls 27 paise to 69.70 against US dollar
On Tuesday, the rupee had appreciated 34 paise to 69.43 against the American currency.Author : Sunaina
Mumbai: The rupee depreciated by 23 paise and fell to 69.70 per dollar mark in early trade on Wednesday leading to the strengthening the American currency and lower opening in domestic equities.
At the Interbank Foreign Exchange, the rupee opened weak at 69.60 then fell further to 69.70 against the American currency, down 27 paise over its previous closing price.
The BSE benchmark Sensex on Wednesday dropped over 200 points and NSE Nifty fell below the 10,900-mark on sell off in metal and auto stocks.