New Delhi, March 13 -- The Indian rupee fell to an all-time low of 92.48 against the dollar on Friday, as a surge in crude oil prices due to the ongoing US-Iran war and a sharp fall in equities weighed on the domestic currency.

The Reserve Bank of India (RBI) likely stepped in to support the rupee, helping avert a sharper decline, foreign exchange dealers said.

The local currency, which opened at 92.3425 per US dollar, touched an intraday low of 92.4788, according to Bloomberg data. It closed at 91.1975 on Friday.

"The rupee has hit an all-time low thrice this week but the good thing is that it is not depreciating significantly. It's a very controlled depreciation because the RBI is present in the market," Ritesh Bhansali, deputy chief...