The Indian rupee hit a seventh straight session of record lows on Tuesday as weakness in domestic shares and currencies weighed, but dollar selling intervention by the central bank helped limit further losses.
The US dollar hovered just above a one-week low reached overnight versus major peers as markets reduced the odds of a percentage-point Federal Reserve rate hike this month, reports Reuters.
The partially convertible rupee was trading at 79.93/94 per dollar after hitting a record low of 80.05. The unit had ended at 79.97 on Monday.