India, March 18 -- Goldman Sachs Group Inc. has warned that the Indian Rupee (INR) could tumble to 95 against the US Dollar (USD), even as the local currency fell to a record low today.

INR-USD fell to an intraday low of 92.4875, surpassing its previous record close of 92.4575 set last Friday. The Reserve Bank of India (RBI) has been actively intervening in the markets to cushion the slide, according to traders, as the fallout from the Iran war widens India's current account deficit.

"The rupee remains under pressure in our view, given the current account deficit is widening," Santanu Sengupta, Goldman Sachs' chief economist for India, said Wednesday in an interview with Bloomberg TV.

Goldman Sachs recently revised its outlook for Indi...