India, May 12 -- The Indian rupee tumbled to a record low of 95.63 against the US dollar in early trade on Tuesday, weakening by 35 paise after heightened tensions in West Asia triggered a sharp rise in crude oil prices.
The domestic currency opened at 95.57 in the interbank foreign exchange market before slipping further to an all-time low of 95.63 against the greenback.
Investor sentiment remained under pressure after Donald Trump stated that the ceasefire talks with Iran were "on life support," reducing hopes of a near-term peace agreement and intensifying concerns over global oil supply disruptions.
Market fears were further fueled by the possibility that the prolonged 10-week conflict could tighten crude supplies globally, especiall...