The Indian rupee on Tuesday was near record lows at 77.24 against the US dollar
extending its losses for the third day. The rupee on Monday slumped by 54
paise to close at a record low of 77.44 against the US dollar,
pressured by the strength of the American currency overseas and
unabated foreign fund outflows.On Friday,
the rupee had slumped 55 paise to close at 76.90.
Forex traders and market trackers said risk appetite has weakened
amid rising bond yields in the US and mounting concerns about
inflation that may trigger more aggressive rate
hikes by global central banks. Joseph said Indian Rupee spot plunged to record lows