New Delhi: Rupee on Tuesday slumped to record low of 60.75 versus dollar, on the back of end-of-month dollar demand from domestic importers and falls in most emerging Asian currencies.
The slump came even after the Reserve Bank of India made an attempt to defend the currency before the rupee hit the 60 level.
The rupee was trading around 60.75 to the dollar at 5:22 pm. The currency closed on Tuesday at 59.67/68.
The falls in the rupee led to a slump in bond prices, with the 10-year bond yield up 4 basis points to 7.54 per cent from the previous close.
(With Additional Inputs From Reuters)
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