The Indian rupee fell to its weakest level on record on Thursday, hurt by outflows from local equities and on expectations that Donald Trump's victory in the U.S. presidential race may boost the dollar going forward.

The rupee fell 5 paise to an all-time low of 84.37 against the US dollar in early trade on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.

Over the last few days, the Indian Rupee (INR) has been depreciating against the Dollar (USD). The Rupee dropped to a fresh low against the Dollar to an exchange of Rs 84.38 on Thursday.

The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months.

The Indian Rupee hit a new low against the US dollar, dropping to 84.37, influenced by foreign fund outflows and the US Federal Reserve's recent interest rate cut. The Fed's decision, along with global market uncertainties,