The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh.
At 9:46 am, the partially convertible rupee hit 58.50/USD, a life low and weaker than its previous close of 58.15/16/USD. Also read: Tips to fight the falling rupee
Traders will watch out for any Reserve Bank of India (RBI) intervention to prevent the rupee from weakening further.
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