WRAPUP 1-Indian rupee hits record low as confidence in govt ebbs
August 27, 2013 at 05:21 AM EDT
MUMBAI/NEW DELHI, Aug 27 (Reuters) - The Indian rupee hit a record low and shares slumped on Tuesday after parliament's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about the government's resolve to control spending ahead of elections due next year.