India, March 4 -- The Indian rupee plunged 67 paise to close at an all-time low of 92.16 against the US dollar on Wednesday, weighed down by surging crude oil prices following the Iran crisis.
Forex traders said the dollar index crossed the 98 mark amid a global risk-off sentiment triggered by escalating tensions between the US and Iran, putting additional pressure on the rupee.
They added that heavy selling in domestic equity markets along with continued foreign fund outflows further dragged the Indian currency lower.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....