India News : Mumbai: The rupee extended losses past 64 to a dollar on continued concerns about how India will fund its current account deficit in case fund flows taper out of emerging markets.

The rupee fell to 64.05 to a dollar, a record low, breaching a key psychological level of 64. It had last closed at 63.13/14.

Besides, melting domestic stock market and dollar's strength against major currencies overseas on expectation that the Federal Reserve will soon taper its bond-buying programme weighed on the domestic unit, dealers said.