Rupee falls 22 paise to 70.40 against USD in early trade
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.
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.30 and fell further to touch a low of 70.40 a dollar, down 22 paise over its previous closing. Reuters