The Indian rupee dropped to a record low at open on Tuesday, tracking losses in Asian peers on concerns over a wider Middle East conflict and expectations that the Federal Reserve will wait longer to cut interest rates.
The rupee opened at 83.5100 to the U.S. dollar, down from 83.4500 in the previous sessions and dipping past the 83.4550 record low hit on April 4.
The dollar index was at its highest in nearly six months. Asian currencies dropped, with the Korean won and the Indonesian rupiah leading the way.
