The Indian rupee fell 12 paise to a record intra-day low of 92.37 against the US dollar in early trade on Friday, pressured by elevated global crude oil prices amid the ongoing West Asian conflict.
At the interbank foreign exchange market, the local currency opened at 92.33 and slipped further to 92.37, marking its weakest level against the dollar and declining 12 paise from the previous close.
Forex traders attributed the fall to a stronger US dollar, continued foreign institutional investor (FII) outflows, and weak sentiment in domestic equity markets, which further weighed on the rupee.