Rupee hits record low, falls below 58.50 versus dollar MUMBAI - TopicsExpress

Rupee hits record low, falls below 58.50 versus dollar MUMBAI (Reuters) - 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 a.m., the partially convertible rupee hit 58.50 per dollar, a life low and weaker than its previous close of 58.15/16. Traders will watch out for any RBI intervention to prevent the rupee from weakening further. (Reporting by Swati Bhat; Editing by Sunil Nair)

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