(Reuters) - The Indian rupee hit a record low of 69.13 per dollar in early trade on Friday, tracking weakness in the yuan with traders monitoring the domestic stock market for further direction.
A one rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files
Traders are also cautious of the central bank stepping in to prevent a sharp fall in the currency.
The partially convertible rupee was trading at 69.11/12 per dollar as of 0350 GMT, compared with the previous close of 69.0650/0750. The rupee’s last life low of 69.0950 was touched on June 28.
All Asian currencies weakened against the dollar on Friday morning, tracking the yuan which fell to a one-year low in the previous session.
The broader NSE Nifty was up 0.1 percent.
Reporting by Swati Bhat; Editing by Subhranshu Sahu
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