MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.

India Business News: Rupee continued to tumble on Thursday, slumping 0.1% paise to 95.85 against US dollar in early trade. The currency has been continuously dragged down .

The rupee fell 0.1% to 95.8525 per US dollar, eclipsing its previous record low of 95.7950 hit in the previous session

The Indian rupee neared 96/$ amid foreign fund outflows, oil inflation, and balance of payments concerns. Reported central bank intervention helped the rupee recover from an…

Rising crude prices and persistent capital outflows pushed the Indian currency to a fresh all-time low.