New Delhi: The Indian rupee slipped for third consecutive day in a row on Tuesday and breached its key psychological level of 68 plunging to the fresh record low of 68 against the US dollar, led by strong month-end dollar demand and uncertainty over Western military action against Syria.

The partially convertible rupee was trading at a record low of 68 per dollar at 0944 IST, sharply below its close of 66.24/25 on Tuesday.

The benchmark 10-year bond yield was up 22 basis points at 9 percent.