Rupee opens 10 paise lower against US dollar in early trade

The rupee opened 10 paise lower at 70.59 against the US dollar on Wednesday amid slide in crude oil prices and mixed trend in Asian equities. 

The domestic unit on Tuesday rebounded by 43 paise to close at 70.49, largely driven by positive macro data and easing crude prices.

Gains for the rupee in the previous session were also on back of sustained FII inflow in equity segment, said Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services (MOFSL). Yesterday, the FIIs poured in funds worth $648 million including both equity and debt segment, thereby restricting any major fall for the