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The rupee hit hard Thursday night to close below level 69 for the first time at a record low of 69.05 against the US dollar while optimistic comments on the US economy by the president of the Federal Reserve have pushed the greenback to high levels against global currencies.
Meanwhile, the national stock markets were cautiously opening up before a no-contest motion against the NDA government.
The BSE Senbad opened 25.80 points, or 0.07%, at 36,377.03, while the NSE Nifty index was 6.40 points, or 0.06%, up from 10963.50.
The parliament will debate a motion of censure tabled by opposition parties against the government of Prime Minister Narendra Modi on the first day of the monsoon session.
The rupee had reached a historic low of 69.10 on June 28, but had recovered later on a suspected RBI intervention.
The national currency suffered a major setback as the currency market sentiment wobbled once again as the dollar rallied and a slew of local problems aroused nervousness among investors.
The US dollar jumped to its highest point one year after the Fed chief 's testimony in the US Senate comforted expectations of rising interest rates, albeit steadily.
The two-year Treasury yield was close to the multi-year high, attracting the attention of emerging market currencies.
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