MUMBAI (Reuters) - The rupee plunged to a record low below the key psychological 66 per dollar mark on Tuesday, as a sharp sell-off in shares prompted greenback demand from foreign funds looking to exit the market while month-end demand from importers also hurt.
The partially convertible rupee was trading at 65.98/66.00 per dollar at 1:52 p.m. (0822 GMT), after hitting a record low of 66.0750 and down more than 2.6 percent from its close of 64.30/31 on Monday.
Domestic shares were trading down 3 percent after the lower house of parliament's approval on Monday to a plan worth nearly $20 billion for providing cheap grain to the poor which is feared to dent the country's fiscal deficit.
(Reporting by Swati Bhat; Editing by Anand Basu)
