Rupee hits record low for second day, closes at 70.74/dollar
The Indian rupee extended its fall to a second straight session declining 15 paise to close at a record low of 70.74 against the dollar on Thursday. The local currency plunged to a fresh all-time low of 70.86 during intraday trade. India's benchmark indices Sensex and Nifty also fell for the second consecutive session on Thursday.