The Indian rupee slipped below the 52 levels against the US dollar, to 52.09, in late trade on Tuesday. Foreign fund outflows continued as the stock market extended losses.
The Indian currency has hit lifetime lows as weakening economic outlook has hurt the rupee in the wake of a global slowdown.
Despite the growing economic problems in the US, the dollar has mostly managed to gain against major currencies as investors sought safety in US Treasury bonds.
