MUMBAI (Commodity online): Indian rupee declined to an all-time low on Tuesday as companies, led oil refiners, scrambled to buy dollars, after the rupee looks on an increasingly vulnerable Inidan current account deficit.
At 11:40 a.m., the partially convertible rupee was at 52.58 a dollar, after touching an all-time low of 52.73, and 0.8 percent weaker than its previous close of 52.15 a barrel.
At its record low, the rupee has slumped 16.8 percent from its 2011 high reached in late July.
