India, Sept. 10 -- The rupee slumped by 34 paise to close at 95.08 (provisional) against the American currency on Wednesday as crude prices crossed the $100 per barrel mark, stoking concerns over inflation and high forex outflows.

Weak equity markets and FII outflows also pressurised the rupee, forex traders said.

Brent crude futures surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in West Asia threatened to weaken the already strained supply chain amid the US-Iran tensions. Brent crude was trading higher by 2.94 per cent at $100.73 per barrel.

At the interbank foreign exchange market, the rupee opened at 94.80, also its intraday high, against the US dollar. The local unit fell to...