The rupee continued its downward slide against the US dollar on Thursday, falling to a new record low in opening trade at 70.68 per US dollar. At 9.29 am, the partially convertible rupee was trading 18 paise or 0.27% lower than Wednesday’s close at 70.77 against the US dollar. Intra-day, however, the rupee fell as low as 70.80 against the US dollar at 9.18 am. 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…
Read MoreRupee opens at 70.68 lifetime low, falls 18 paise against US dollar
