Rupee dives to another record low against US dollar

The Indian rupee continued to extend its recent slide versus the US dollar today after the solid US jobs report cemented bets of more large Federal Reserve rate hikes. The rupee fell to a record low of 82.66, down from 82.33 from the previous session.

Data on India's retail inflation, which is expected on Wednesday, likely accelerated to a five month high of 7.30% in September due to surging food prices, a Reuters poll found. A Reuters poll of 47 economists suggested inflation - as measured by the Consumer Price Index - rose to an annual 7.30% in September from 7.00% the previous month.