The rupee dropped to a historic low of 62.00 per dollar in late morning trade on Friday.
The rupee surpassed the previous all-time low of 61.80 hit just last week and traded nearly 1 per cent lower from Wednesday's close of 61.43.
The partially convertible rupee was trading at 61.87/89 per dollar at 10.26 a.m., after hitting a record low of 62.03.
Meanwhile, market expert Akash Jindal requested government to take urgent action.
"Economy's condition is getting worse. I think if we do not take urgent steps, we might head to stagnation. I request government to immediately take action than having deliberate discussions," he said.
