Rupee hits record 71-mark against US dollar for the first time


New Delhi: The rupee continued its downslide to fall to yet another low on Friday, hitting 71 against the US dollar for the first time ever.

After shedding 15 paise to end at 70.74 against the US dollar on Thursday, the rupee slid further to open at 70.95 per dollar on Friday, and hit the 71-mark in intra-day trade. The domestic unit is set for its biggest monthly fall in three years.