Rupee hits record low of 93.08 against the dollar!

The rupee hit a record low of 93.08 against the dollar on Friday, as the dollar flexed its muscles and foreign investors continued to flee. Global oil prices added to the rupee's woes, but the stock market bounced back with the Sensex surging 960 points. The RBI is keeping a close eye on the rupee, trying to prevent further falls.