Rupee falls 18 paise to 93.94 against US dollar in early trade

MUMBAI: (Mar 25) The rupee fell 18 paise to 93.94 against the US dollar in early trade on Wednesday as sustained foreign fund outflows kept investors on the edge.

However, a drop in global crude oil prices, a weaker greenback, and a strong opening at the domestic equity markets prevented sharper losses in the local unit, forex traders said.

Foreign fund outflows amid uncertainties over the West Asia crisis further weighed on the local unit, forex traders said.