<p class="title">The rupee fell by 37 paise to 70.07 against the US dollar in early trade Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows.</p>.<p class="bodytext">Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee.</p>.<p class="bodytext">The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close.</p>.<p class="bodytext">On Thursday the domestic currency appreciated by 69 paise to close at 69.70 against the US dollar.</p>.<p class="bodytext">Traders said a lower opening in the domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit.</p>.<p class="bodytext">Globally, Brent crude, the international benchmark, was trading 1.27 per cent higher at USD 55.04 per barrel.</p>.<p class="bodytext">Foreign funds pulled out Rs 386.44 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 87.96 crore Thursday, provisional data showed.</p>.<p class="bodytext">The 30-share index fell 31.70 points, or 0.09 per cent, to trade at 36,399.97. In a similar movement, the NSE Nifty was trading 12 points, or 0.11 per cent, lower at 10,939.70. </p>
<p class="title">The rupee fell by 37 paise to 70.07 against the US dollar in early trade Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows.</p>.<p class="bodytext">Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee.</p>.<p class="bodytext">The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close.</p>.<p class="bodytext">On Thursday the domestic currency appreciated by 69 paise to close at 69.70 against the US dollar.</p>.<p class="bodytext">Traders said a lower opening in the domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit.</p>.<p class="bodytext">Globally, Brent crude, the international benchmark, was trading 1.27 per cent higher at USD 55.04 per barrel.</p>.<p class="bodytext">Foreign funds pulled out Rs 386.44 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 87.96 crore Thursday, provisional data showed.</p>.<p class="bodytext">The 30-share index fell 31.70 points, or 0.09 per cent, to trade at 36,399.97. In a similar movement, the NSE Nifty was trading 12 points, or 0.11 per cent, lower at 10,939.70. </p>