The Indian rupee declined 20 paise to settle at a record low of 92.45 (provisional) against the US dollar on Friday as crude oil prices surged past USD 101 per barrel amid the ongoing West Asia conflict.
Forex traders said the strengthening US dollar, heavy foreign fund outflows, and continued weakness in domestic equity markets further pressured the local currency.
At the interbank foreign exchange market, the rupee opened at 92.33 and slid to an intra-day low of 92.47 against the US dollar before settling at 92.45, marking its lowest closing level on record, down 20 paise from the previous close.