Mumbai Aug 30 (IANS) High global crude oil prices along with continuous outflow of foreign funds pulled the Indian rupee to a fresh low on Thursday.
According to analysts caution ahead of key macro-economic data coupled with a rise in demand for US dollars also dragged the rupee lower.
"High crude oil prices and month-end demand for the US dollar have pulled the rupee lower " Anand Rathi Shares and Stock Brokers research analyst Rushabh Maru told IANS.
Around 12.30 p.m. the Indian rupee was pegged at 70.75 after it touched 70.81-82 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 70.58 to a US dollar and soon surpassed its record low of 70.65 to a greenback on Wednesday.
Apart from high crude oil outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee.
Investment-wise provisional data with exchanges on Wednesday had shown that foreign institutional investors sold scrips worth Rs 1 415.87 crore whereas domestic institutional investors bought stocks worth Rs 1 114.36 crore.
Besides caution prevailed ahead of the release of India s GDP and fiscal deficit data. The key macro-economic data points will be released on Friday.

--IANS rv/in