Rupee hits record low of 58.35; further losses likely

Mumbai: 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 9:02 am (0332 GMT), the partially convertible rupee was at 58.35/38 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.