New Delhi, March 23 -- The Indian rupee slipped to another fresh low against the US dollar in trade on 23 March, as the greenback's steady rise, persistent selling by foreign portfolio investors (FPIs), and the escalating US-Israel conflict with Iran continued to weigh heavily on the local currency.

The domestic currency breached the 94 mark against the US dollar for the first time, hitting 94.10 and taking the month-to-date decline to 2.43%. Since the start of the US-Iran war, the rupee has lost around 3% of its value.

Earlier this month, the rupee was trading around 91 against the US dollar, and with the latest fall, it has weakened by around 3.4% (taking today's low into account), placing it among the worst-performing Asian currencie...