Why did rupee hit record low of 92.63 against US dollar?

The rupee slipped to a record low of 92.63 against the US dollar on Thursday. Rising crude oil prices, foreign capital outflows, and global tensions weighed heavily on sentiment. Equity markets also plunged, with Sensex dropping over 1,600 points and Nifty slipping below 23,300 intraday, as investors reacted to Middle East conflict and Fed's policy stance.