Rupee Plunges to All-Time Low of 92.16 Against US Dollar Amid Iran Crisis

• The rupee slumped 67 paise to close at an all-time low of 92.16 against the US dollar on Wednesday.
• Spiking crude oil prices, fueled by the Iran crisis and Middle East conflict, heavily weighed on the currency.
• Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down.
• The dollar index crossed 98 levels, indicating a global risk-off situation.
• Brent crude rose to 82.46 per barrel, intensifying inflation and fiscal concerns for India, a major oil importer.