Mumbai: The rupee settled near its all-time closing low at 91.99 against the US dollar, amid selling pressure from foreign funds and risk-off sentiment in global markets.
Forex traders said the rupee hit its all-time intra-day low of 92 against the US dollar amid geopolitical uncertainty and foreign outflows. Moreover, a surge in crude oil prices weighed on the rupee.
At the interbank foreign exchange, the rupee opened at 91.95 and touched an early high of 91.82, but pared gains to touch an intra-day low of 92 against the greenback.
The domestic unit eventually settled flat at 91.99.
Finance Minister Nirmala Sitharaman tabled the economic survey, flagging concerns over risks from the external sector and foreign outflows.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07 per cent lower at 96.37.