Rupee slips at record new low, touches 74.27 to USD

New Delhi, Oct 9, News24 Bureau: The Indian rupee has hit a record new low as it touches 74.27. It slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday. There is panic in market after this development.Around 1.25 p.m., the Indian rupee traded at 74.27 to a dollar -- the lowest ever against the greenback.The Indian currency made a slight recovery at 1.35 p.m. to stand at 74.26 to a USD.It opened the day's trade at the Inter-Bank Foreign Exchange Market at 73.85 to a USD from its previous close of 74.07.