Rupee on Friday hit a historic low of 70.96, falling 22 paise in the morning trade.
Earlier on Thursday, rupee had plunged to a fresh record low of 70.81 to a US dollar during the morning trade session.
According to analysts, continuous outflow of foreign funds, along with caution ahead of key macro-economic data, coupled with volatile global crude oil prices had pulled the Indian rupee to a fresh low.
(With PTI inputs. More details are awaited)