India, May 15 -- The Indian rupee slipped past the 96-per-dollar mark on Friday to hit a fresh record low against the US dollar amid mounting global economic pressures.

The local currency was trading at 96.14 against the greenback, extending losses triggered by rising crude oil prices, elevated US bond yields and a stronger dollar amid geopolitical tensions linked to the Iran conflict.

Market experts said the rupee has emerged as one of the weakest-performing Asian currencies in recent weeks as investors continue to reassess risks in emerging markets.

According to Harshal Dasani, Business Head at INVAsset PMS, the rupee's fall reflects a repricing of India's macroeconomic risk premium due to multiple global pressures.

He said firm cru...