Rupee Hits Fresh Record Low of 92.63 Against US Dollar, Falls 23 Paise Today

• Indian rupee weakened further against the US dollar, hitting a new record low of 92.63.
• The rupee fell 23 paise from its previous close of 92.40, opening at 92.42 per dollar.
• Foreign fund outflows and global uncertainties, including the Middle East conflict, contributed to the decline.
• Anil Kumar Bhansali noted the RBI allowed the 92.50 level to be breached before major central bank meetings and India's holiday.
• Despite a positive opening in domestic equity markets and a fall in global crude oil prices, the rupee continued to weaken.