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At 93.53, rupee hits all-time low

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The rupee crashed 64 paise to settle at an all-time low of 93.53 against the US dollar on Friday, weighed down by persistent foreign fund outflows amid mounting geopolitical tensions.

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Traders said the rupee was under tremendous pressure as surging crude oil prices and a shift towards risk aversion dented investor sentiments. Geopolitical uncertainty was driving energy costs higher, they added.

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