The Indian rupee weakened further on Friday, breaching the 93 per US dollar mark for the first time in early trade. The currency opened at 92.92 and slipped to a record low of 93.08, down 19 paise from the previous close.
The decline was driven by continued strength in the US dollar and persistent FII outflows amid the ongoing West Asia conflict. Elevated global crude oil prices also added pressure on the local unit.
However, a positive opening in domestic equity markets helped limit sharper losses, according to forex market participants.