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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.
Rupee hits fresh record low of 70.82, drops 23 paise against US dollar
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