Mumbai, June 11: The Indian rupee will eventually weaken to cross the 60 mark against the dollar, global investment bank CLSA said on Tuesday.

CLSA's comments have come on the back of fresh weakness in the Indian currency, which hit a new record low of 58.36 against the greenback in early trade

The Indian rupee has depreciated nearly 8 per cent since May 1, making it the worst performing currency in Asia.

CLSA said further depreciation in the rupee is likely to happen in sustained manner.

Market analyst Sarvendra Srivastava is even more bearish on the currency.

The Reserve Bank has followed a hands-off approach towards the rupee, CLSA added.

Other analysts said the central bank can do little to prevent the sharp fall in the currency.