The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.

The Indian Rupee has hit a record low, plummeting to 85.12 against the US dollar. This is the fifth trading session in a row where the rupee has hit a new record low, beating Friday's previous record of 85.

The Indian rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid a stronger US dollar and continued foreign capital outflows.

The Indian rupee dropped to its lifetime low on Tuesday, hurt by persistent dollar demand from importers and a rise in U.S. bond yields which boosted the dollar.