Indian rupee touches 19.32 vs UAE dirham
The rupee opened weak at 70.92 then fell to 70.93 against the dollar in the early trade.
The rupee opened on a weak note and fell 12 paise to 70.93 against the US dollar in early trade on Wednesday ahead of the outcome of Reserve Bank of India's monetary policy review meet.
Against the UAE dirham, the rupee was trading at 19.32 at 9:30am (UAE time), according to XE.com.
Forex traders besides RBI's monetary policy review outcome, unabated foreign fund outflows and cautious opening in domestic equity market also weighed on the local unit.
At the Interbank Foreign Exchange, the rupee opened weak at 70.92 then fell to 70.93 against the dollar, showing a decline of 12 paise over its previous closing.
The Indian rupee on Tuesday had closed at 70.81 against the dollar.
Traders said weakening of the greenback vis-a-vis other currencies overseas and easing crude oil prices added support to the local unit.