Rupee Hits All-Time Low Against US Dollar Amid Global Tensions

• The rupee dropped 23 paise to close at 93.76 against the US dollar on Tuesday.
• Strengthening greenback, elevated global crude prices, and foreign fund outflows contributed to the slump.
• The rupee breached the 94-level against the US dollar for the first time on Monday.
• Uncertainties over the West Asia crisis and Iran's denial of Trump's claims pushed up crude oil prices.
• Foreign institutional investors sold equities worth Rs 8,009.56 crore on a net basis.