Rupee hits fresh record low of 70.81
Mumbai : The Indian rupee plunged to a fresh record low of 70.81 to a US dollar during the morning trade session on Thursday.
Around 10.00 a.m. the Indian rupee was pegged at 70.68 after it touched 70.81 to a US dollar — the lowest ever mark — against the greenback.
It opened the day’s trade at the Interbank foreign exchange market at 70.58 to a US dollar and soon surpassed its record low of 70.65 to a greenback on Wednesday.
According to analysts, continuous outflow of foreign funds, along with caution ahead of key macro-economic data, coupled with volatile global crude oil prices pulled the Indian rupee to a fresh low.
Updated : Aug 30, 2018 at 10:22 IST
IANS
