The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely to have any significant impact on the currency, analysts say. "The monetary policy has its limitations. The RBI intervention won't do much as the issue is structural," said Anis Chakravarty, senior director, Deloitte India. The rupee continues to slide despite a series of regulatory measures taken by the Reserve Bank of India (RBI). The partially convertible rupee hit a new record low of 57.33 against a dollar in the intra-day trade Friday. The rupee ended the week at 57.12 against a dollar, closing in the red all the five trading sessions of the week. The rupee has lost almost 22 percent of its value against the dollar in the past one year. It has depreciated 11 percent since April.

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