Rupee hits record low at 54.56 vs US dollar

The rupee fell to a new record low against the dollar today as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows.

The rupee fell to a new record low against the dollar today as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows.

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The rupee was last trading at a record low of 54.5650, breaching its previous all-time low of 54.52 hit just on Wednesday.

Local stocks were trading flat after rising as much as 1.3% earlier in the session.