The Indian rupee continued its slide on Tuesday, breaching the 64-mark against the US dollar by falling 98 paise to trade at record low of 64.11. Forex dealers said besides strong demand for the American currency from importers and banks, dollar's strength against other currencies overseas, amid expectation that the Federal Reserve will soon taper its bond-buying programme, weighed on the domestic currency. Concerns about weak domestic fundamentals such as record current account deficit (CAD) too put pressure on the rupee. At the Interbank Foreign Exchange (Forex) market, the local currency opened sharply lower at 63.75 a dollar and breached the 64-mark to trade at fresh low of 64.11, down by 98 paise, or over 1.5 per cent. The rupee had recorded the decade's worst single-day fall of 148 paise to close at a record low of 63.13 against the dollar in the previous session. In order to arrest the rupee slide, the Reserve Bank of India (RBI) last week had announced measures such as restriction on Indian firms investing abroad and on outward remittances by resident Indians, triggering talks of return of capital control regime. Meanwhile, the BSE Sensex dipped below 18,000-level in early trade before recovering to trade at 18,140.74 - down 166.78 points, or 0.91 per cent.

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