Mumbai, March 12 The rupee plunged by 35 paise to hit an all-time intra-day low of 92.36 against the US dollar on Thursday as global crude oil prices continued to rise overnight and showed no signs of easing amid the ongoing conflict in West Asia.
A stronger US dollar and weak sentiment in the domestic equity markets further weighed on the rupee, which was already under pressure due to heavy outflows by foreign institutional investors, forex traders said.
At the interbank foreign exchange market, the local currency opened at 92.25 but continued to fall, hitting an all-time intra-day low of 92.36 against the US dollar, losing 35 paise from its previous close.
The rupee had previously touched a record intra-day low of 92.35 against the greenback on March 9.
On Wednesday, it declined by 16 paise to settle at 92.01 against the US dollar.
The dollar index, which measures the strength of the US dollar against a basket of six currencies, was trading up by 0.18 per cent at 99.40.
Brent crude, the global benchmark for oil, was trading up by 6.72 per cent at USD 98.16 per barrel in futures trade.
On the domestic equity market front, the Sensex plunged by 445.26 points, or 0.58 per cent, to close at 76,418.45, while the Nifty was down by 121.70 points, or 0.51 per cent, at 23,745.15.
According to exchange data, foreign institutional investors sold equities worth Rs 6,267.31 crore on a net basis on Wednesday.
