Mumbai, March 31 -- The Indian rupee is expected to remain volatile in the near term and may stabilise in the range of Rs 92.50 to Rs 93.50 against the US dollar, amid continued pressure from rising crude oil prices and sustained foreign investor outflows says experts.

The rupee recently hit an all-time low of 95.23 on Monday, reflecting sharp volatility in both onshore and offshore currency markets. The weakness in the domestic currency comes as Brent crude prices remain above USD 100 per barrel and foreign portfolio investors (FPIs) continue to pull out funds from Indian equities.

According to market data, foreign investors (FPIs) have sold equities worth Rs 1,31,122 crore in March alone, adding significant pressure on the rupee.

The...