The Indian rupee slipped further in early trade on Tuesday, opening near its all-time low amid persistent strength in the US dollar. The currency weakened 14 paise to 89.70 at the open, just a shade away from its new lifetime low of 89.85 against the greenback.
The rupee had already hit a record 89.78 on Monday before settling at 89.56 in the previous session. Early data shows USD/INR hovering around 89.76, signalling continued pressure from firm US yields and steady dollar demand from importers.
