Rupee falls to record low


rupeeMumbai: The rupee weakened on Tuesday to touch of a record low, pressuring bonds, but traders the prospect of RBI intervention could pull back the currency.

The partially convertible rupee was trading at 61.12/13 per dollar at 09: 08 IST, after hitting a session low of 61.16, not far from an all-time low of 61.21 hit on July 8.

Traders expect good dollar demand from importers to hurt the rupee.The benchmark 10-year bond yield was trading up 4 basis points at 8.24%.

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