The rupee resumed lower at 66.90 per dollar as against the last closing level of 66.24 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to an all-time low of 68.75 per dollar at 10:45 am.

Persistent capital outflows by foreign funds also affected the rupee value against the dollar, a forex dealer said. Foreign Institutional Investors (FIIs) sold shares worth a net Rs 1,373.99 crore on Tuesday as per the provisional data from stock exchanges.
    
Oil prices rose in Asian trade on Wednesday on concerns over possible US military action against Syria after Washington warned President Bashar al-Assad's regime that it would face action over an alleged chemical weapons attack. New York's main contract, West Texas Intermediate (WTI) for delivery in October, was up 57 cents to USD 106.49 in mid-morning trade.

Meanwhile, the BSE benchmark Sensex on Wednesday fell over 482 points in morning trade, following persistent selling by funds after the rupee plunged to new record low of 68.75 against the dollar.

The 30-share barometer fell by 482 points, or 2.68 percent, to 17,485.65 in morning trade, The index had tumbled 590.05 points in the previous session. Stocks of banking, oil and gas, PSUs, realty, FMCG, auto and capital goods sectors were major losers, dragging down the benchmark Sensex.
    
The wide-based National Stock Exchange index Nifty moved down by 147.50 points, or 2.79 percent, to 5,139.75.

(Agencies)

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The rupee plunges to a new record low of 68.75 per dollar in the late morning trade on persistent dollar demand from banks and importers due to further fall in equity market amid rise in crude oil prices.

    

The rupee resumed lower at 66.90 per dollar as against the last closing level of 66.24 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to an all-time low of 68.75 per dollar at 10:45 am.

    

Persistent capital outflows by foreign funds also affected the rupee value against the dollar, a forex dealer said. Foreign Institutional Investors (FIIs) sold shares worth a net Rs 1,373.99 crore on Tuesday as per the provisional data from stock exchanges.

    

Oil prices rose in Asian trade on Wednesday on concerns over possible US military action against Syria after Washington warned President Bashar al-Assad's regime that it would face action over an alleged chemical weapons attack. New York's main contract, West Texas Intermediate (WTI) for delivery in October, was up 57 cents to USD 106.49 in mid-morning trade.