Rupee hits record low, falls below 58.50 versus dollar

MUMBAI (Reuters) - The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh.

At 9:46 a.m., the partially convertible rupee hit 58.50 per dollar, a life low and weaker than its previous close of 58.15/16.

Traders will watch out for any RBI intervention to prevent the rupee from weakening further. (Reporting by Swati Bhat; Editing by Sunil Nair)