Rupee hits fresh record low of 70.82, drops 23 paise against US dollar
Updated : August 30, 2018 09:43 AM IST
Continuing its free-fall, the rupee on Thursday weakened by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows.
Forex dealers said besides strong month-end demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.
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