Rupee Plunges to All-Time Low of 94.70 Against US Dollar Amid West Asia Conflict

• The rupee hit a fresh all-time low of 94.70 against the US dollar during intra-day trade on Friday, tanking 74 paise.
• Elevated oil prices, a stronger greenback, and no breakthrough in the West Asia conflict weighed on the rupee.
• Domestic equity market decline and sustained FII outflows further pressured the local unit.
• The rupee opened at 94.18 and steadily declined, breaching the 94.50-mark.
• Exporters held inflows while importers bought dollars, contributing to the rupee's fall.