Rupee takes a dive, hits new low of 91.71 per dollar

On Wednesday, the rupee took a tumble, dropping 0.8% to hit a new low of 91.71 per dollar. This drop was fueled by foreign investors pulling out and a gloomy global market mood. The Reserve Bank of India jumped in to help, but traders are now bracing for the rupee to flirt with the 92 mark soon.