Rupee slides further; hits fresh low of 71

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The Indian rupee plunged to a fresh record low of just over 71 to a US dollar during the morning trade session on Friday. Around 10 a.m. the Indian rupee was pegged at 70.97-98 to a US dollar after it touched 71 to a US dollar -- the lowest ever mark -- against the greenback.

It opened the day's trade at the Inter-Bank Foreign Exchange Market at over 70.90 to a USD which was even below its record low of 70.85 to a greenback.

On Thursday, the Indian rupee closed at 70.74-75 against the US dollar, weaker 15 by paise from Wednesday's close of 70.59-60 to a US dollar.

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