Rupee Plunges 14 Paise to 92.42 Against US Dollar Amid Rising Crude, FII Outflows

• The rupee depreciated by 14 paise, trading at 92.42 against the US dollar in early Tuesday trade.
• Rising crude oil prices, incessant foreign fund withdrawals, and the West Asia crisis are key factors for the fall.
• Subdued domestic equity markets and an elevated American currency also weighed on the local unit.
• Brent crude rose 2.68% to USD 102.87 per barrel; the dollar index gained 0.19% to 99.65.
• Foreign institutional investors sold equities worth Rs 9,365.52 crore on Monday; investors await US Fed rate decision.