Rupee Edges Lower Against Dollar

INSUBCONTINENT EXCLUSIVE:
70.60 against the US dollar in opening trade on Wednesday, amid increased demand for the greenback from importers and banks.Forex dealers
said strengthening of the American currency in the overseas market weighed on the domestic currency.However, fresh foreign fund inflows,
easing crude prices and positive opening in domestic equities supported the rupee.The rupee opened weak at 70.60 at the interbank forex
market
to close at 70.49 against the dollar.Foreign investors put in Rs 751.92 crore on a net basis in capital markets Tuesday, provisional