The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit.

Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the currency closes at an all-time low of 81.67 against dollar.

The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit.

Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the currency closes at an all-time low of 81.67 against dollar.