• The rupee slid 43 paise to close at 69.05 on a day when most Asian currencies weakened against the dollar.

• The previous all­ time closing low was on July 5, when it ended at 68.95. 

• The rupee had hit 69.09 intraday on June 28, its lowest ever, before recovering on suspected RBI intervention.

• The dollar rose to a one­year high against a basket of currencies as investors raised bets on the currency in the wake of upbeat comments on the U.S. economy by Fed Chairman
• A no­trust motion moved by opposition parties against the NDA government also weighed on the rupee and stocks. 

• The market mood somewhat worsened after China stepped up its game against the US and the People’s Bank of China devalued the Yuan once again in what many see as a move against the US.

• Most Asian currencies also dropped against the dollar as concerns over a tariff war between the US and China endured, keeping investors cautious on regional trades.

• According to India Rating, the importers could face challenges in passing on the dual impact of high input costs and weak rupee to their customers.

• In addition, foreign currency borrowers with large unhedged positions are likely to be worst affected by the weakening of rupee.

The Hindu, Indian