India, May 13 -- The Indian Rupee weakened further and reached an all-time low figure of 95.8 against the US dollar on Wednesday.

According to reports, the downfall is facing the pressure of sustained foreign fund outflows, elevated crude oil prices and growing concerns around India's external balances.

The currency weakness was reached at a time when Brent crude was once again trading shy of $107 a barrel.

Speaking on the outlook for rupee, Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities told NDTV Profit, "Weakness in secondary markets and continued FII outflows have added to pressure on the rupee, with investors turning defensive amid global uncertainty and rising oil prices. In the near term, rupee is ex...