MUMBAI: Kingfisher Airlines(KING.NS) hit a new record low of 14.25 rupees, as it heads for a fifth consecutive losing session, on waning hopes the government will allow foreign carriers to invest in the domestic sector anytime soon.

Kingfisher was last down 3 percent, after dropping 10.4 percent on Monday, following comments from a minister that the cabinet is unlikely to consider the FDI proposal before the end of May. AGENCIES