At 9:10 a.m. (0340 GMT), the partially convertible rupee was at 52.48/50 per dollar, after touching an all-time low of 52.50, and 0.6 percent weaker than its previous close of 52.1550/1650.

At the lowest point, the rupee has shed 16.5 percent from its 2011 high reached in late July.