India's rupee slips to new record low against dollar
MUMBAI (AFP) - India's rupee hit a new all-time low against the dollar on Tuesday on continuing fears that recent measures to stabilise the currency and kickstart the flagging economy will not work.
Asia's worst-performing currency this year slid to 64.11 rupees against the dollar, past its previous low of 63.22 the previous day.
After hitting its new low, it strengthened marginally to 63.75.
The rupee's fall has spilt over to the stock and bond markets.