New Delhi: The Indian rupee today fell further by 23 paise against the US dollar to trade at a lifetime low of 70.82.
The free fall of Indian currency continued today on strong month-end demand for the US currency amid sustained foreign fund outflows. At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad higher at 70.57 a dollar from its previous close of 70.59 but slipped to hit a new low of 70.82, down by 23 paise.
On Wednesday, the rupee witnessed its second biggest single-day crash since August 13, when the unit crumbled 110 paise or 1.6%. The rupee previously had closed at a record low of 70.16 to the dollar on Monday.