The rupee resumed lower at 59.74 a dollar from overnight close of 59.66 at the Interbank Foreign Exchange (Forex) market and immediately touched a high of 59.72.
As dollar demand surged, rupee continued to reel under pressure and touched an all-time intra-trade low of 60.76 and finally ended at 60.72, a steep fall of 106 paise or 1.78 per cent. On June 10, 2013, it had tumbled by 109 paise (1.91 pc).
"RBI was seen (intervening) at 59.90 level during early trade and the rupee was trading in 5-10 paisa range. But, the moment, rupee touched 60, stop-loss was triggered, which led to sharp fall of the rupee," said Hemal Doshi, Chief Currency Strategist, Geojit Comtrade.
Unless measures are announced by the government and the RBI, rupee may see 62-62.50 level in the near-term, he added.
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The over 7 per cent slump in rupee in June has triggered fresh set of worries. "A weaker INR can add to inflationary pressure, widen fiscal deficit and slow capital inflows, without having a positive effect on CAD. Rapid depreciation also affects business sentiment negatively," said Standard Chartered in a report.
Meanwhile, the Indian benchmark S&P BSE Sensex today dropped by over 77 points.