The Indian rupee touched its weakest level on record on Monday, as persistent outflows from local stocks blunted the impact of a weaker dollar that helped lift the currency's regional peers ahead of the U.

Investors await the outcome of the US presidential election for fresh catalysts.

Indian rupee along with the country's domestic stock market indices fell on Monday. RBI intervention has made the rupee avoid any sharp decline despite of pressure from outflows, reported the news agency Reuters.

The Indian rupee is poised to open at a lifetime low on Tuesday as market participants eye the U.S. presidential election, which polls suggest is virtually a coin toss. The 1-month non-deliverable forward indicates that the rupee will open at 84.