The Indian rupee on Monday fell to a new life-time low of 71.10, losing 10 paise against the US dollar in later afternoon trade, tracking weakening trend in emerging market currencies.
A surge in global oil prices, concerns over US-China trade war and contagion risks from Turkey and Argentina are the factors impacting forex market sentiment.
Brent crude oil moved up by 0.57 per cent 78.08 a barrel.
The rupee's previous record low was 71, marked on August 31.
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Meanwhile, the BSE Sensex fell over 332.55 points to end at 38,312.52 and the NSE Nifty dipped below the 11,600-level by losing 98.15 points to close at 11,582.35 today on heavy losses in FMCG, realty, power, banking, auto, oil & gas, PSU, IT, teck, infrastructure and capital goods counters amid a global rout in equity markets.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 212.81 crore Friday, as per provisional data.
PTI
