Indian rupee slipped to a record low of 81.2750 against U.S. dollar today, tracking a broader decline in Asian currencies after the U.S. Fed struck a more hawkish stance than many were expecting.

U.S. dollar index also surged to 20-year high of 111.562 ,as the U.S. central bank signaled it was willing to risk slowing economic growth and pressure on the labor market to curb inflation.