The rupee weakened below the psychologically important 84.50-per-dollar level to hit an all-time low on Friday as the greenback's post-U.S. election rally revived and as foreign investors continued to pull out of domestic equities and bonds.

The rupee fell to a record low, closing 8 paise down at 84.50 per dollar on Thursday. The depreciation was attributed to a combination of domestic and global factors, including a massive sell-off in Indian equity markets and a surge in crude oil prices.

The Indian rupee hit a record low of 84.50 against the US dollar, pressured by geopolitical tensions, a sell-off in domestic equity markets, and rising crude oil prices. Foreign institutional investors continued selling,

The Indian rupee declined to its weakest level on record on Friday as a resurgent dollar and sustained portfolio outflows pressured the currency, while heightened geopolitical risks also dampened risk appetite.

MUMBAI: The rupee sank to an all-time low of 84.50 against US dollar on Thursday, declining 0.1% during the session and 1.5% this year. The currency's weakness was primarily driven by foreign fund outflows from Indian markets and heightened risk aversion linked to escalating geopolitical tensions,

Global investors search for a safe haven amid rising geopolitical uncertainty in Ukraine. The domestic sell-off was fueled by weak corporate earnings.