Rupee hits fresh record low at 89.79 against dollar

The rupee was trading at 89.70/80 to the dollar at 11:03 a.m. (0603 GMT), compared with Wednesday's close of 89.55/61.

"The rupee was traded at 89.79 (to the dollar)," said a bank dealer, adding that "It is really the sentiment which is negative."

The previous low was 89.67 on Wednesday.