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Rupee falls 22 paise to 70.32 against US dollar

10:50 AM Aug 29, 2018 | Team Udayavani |

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.

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

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.

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.

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