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 local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

The rupee saw some recovery from its all-time low level and settled 9 paise higher at 85.04 against the US dollar.

The Indian rupee has witnessed a sharp fall, hitting an all-time low of 84.94 against the US dollar on December 18. The fall is just six paise shy of the 85 mark, hinting at further decline. The currency opened slightly lower than its previous close at 84.92, down by two paise from 84.90.