The rupee on Wednesday fell by 37 paise to close at a record low of 81.90 against the US dollar, PTI reported.

During intra-day trading, the rupee had plunged to 81.98 against the American currency.

The domestic currency had breached the 81-mark for the first time on September 23. It had finished trading at an all-time closing low of 80.98 on that day.

On Wednesday, forex traders said a negative trend in the share market and significant foreign fund outflows led to the currency’s decline.

The equity markets fell on Wednesday as the 30-share BSE Sensex lost 240.25 points to 56,867.27 in early trade. The broader 50-share NSE Nifty also slumped by 72.75 points to 16,934.65.