Hyderabad, May 18 -- Hyderabad students who are planning for overseas education are going to be hit hard as the rupee slides not only against the US dollar but also against other currencies.

On Monday, the rupee opened on a weak note and slumped to an all-time low of 96.25 in early trade.

Rupee against US dollar, other currencies

Due to elevated crude oil prices and global uncertainty, a stronger dollar continues to remain a key risk for the domestic unit.

Forex traders said higher crude oil prices, a stronger US dollar, and ongoing geopolitical tensions have together created a difficult environment for emerging market currencies, and the rupee is now clearly reflecting that stress.

In the past one year, the US dollar to rupee conver...