MUMBAI/ NEW DELHI, June 22 – The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for the first time on increased demands for the American currency by oil and gold importers, report agencies.The partially convertible rupee closed at a record low of 57.12 to a dollar, down 1.47 per cent from its previous day’s close.
The rupee hit a new record low of 57.33 in the intra-day Friday after surpassing the previous record low of 56.57 hit Thursday.
The rupee closed in the negative for the fifth consecutive session.
