India's rupee has hit a new all-time low against the dollar on continuing fears recent measures to stabilise the currency and kickstart the flagging economy will not work.
Asia's worst-performing currency this year slid to 64.11 rupees against the dollar on Tuesday, past its previous low of 63.22 the previous day.
After hitting its new low, it strengthened marginally to 63.75.
The rupee's fall has spilt over to the stock and bond markets.
Indian shares - which have fallen seven per cent in the past three trading days - slid as much as 1.83 per cent in early trade on Tuesday to a low of 17,970.98 points.
India's rupee has hit a new all-time low against the dollar on continuing fears recent measures to stabilise the currency and kickstart the flagging economy will not work.
Asia's worst-performing currency this year slid to 64.11 rupees against the dollar on Tuesday, past its previous low of 63.22 the previous day.
After hitting its new low, it strengthened marginally to 63.75.
The rupee's fall has spilt over to the stock and bond markets.
Indian shares - which have fallen seven per cent in the past three trading days - slid as much as 1.83 per cent in early trade on Tuesday to a low of 17,970.98 points.
