Rupee falls to new all-time low, nears 96-mark against US dollar

The Indian rupee fell to a new lifetime low of 95.8 against the US dollar on Wednesday, nearing the 96-mark. This comes days after PM Narendra Modi urged Indians to cut fuel consumption and stop purchasing gold for a year to help strengthen the Indian rupee. The currency had hit a low of ₹95.17 on Monday.