Mumbai: The rupee slipped to an all time low of 96.25 in early trade on Monday, as elevated crude oil prices, stronger dollar and global uncertainty continue to remain key risk factors for the domestic unit.
Forex traders are informed that a mixture of high crude oil prices, a stronger US dollar, and ongoing geopolitical tensions have generated a tough situation for growing market currencies and the rupee is now clearly reflecting that stress.
At the interbank foreign exchange market, the rupee opened at 96.19, then fell to 96.25 against the US Dollar, recording a fall of 44 paise from its previous close.
The dollar index was trading at 99.32, which gauges the US Dollar strength against a basket of six currencies, running higher by 0.04 percent due to simmering Iran tensions.
In the futures trade, Brent crude was trading up 1.83 percent at USD 111.26 per barrel which is considered to be the global oil benchmark.
On Friday, before the market was getting close the Indian rupee crashed below the 96/ USD mark at a low of 95.81 against the US Dollar.
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