India, March 18 -- The Indian rupee weakened by 18 paise on Wednesday, touching an all-time intra-day low of 92.58 against the US dollar. The decline was driven by a stronger dollar globally and continued foreign capital outflows.
Rising crude oil prices, fueled by escalating tensions in West Asia, further pressured market sentiment, according to forex traders.
During interbank trading, the rupee opened at 92.42 and moved within a narrow range of 92.46–92.47 before slipping to its record low.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....