Rupee hits another record low against dollar; slips below 60

Mumbai, June 26 (IANS) The Indian rupee hit another record low Wednesday and slipped below the psychological resistance level of 60 against a dollar.

The partially convertible rupee slumped to 60.38 against a dollar at the inter-bank foreign exchange market in Mumbai in afternoon trading, surpassing its previous record low of 59.98 hit on June 20.