The Indian rupee has slipped past the historic 96-per-dollar mark for the first time ever, hitting a fresh record low of 96.05 against the US dollar. The sharp fall comes amid rising crude oil prices, persistent foreign fund outflows and strong global dollar demand. Markets are now worried whether the rupee could inch closer to the 100-per-dollar mark in the coming months. What does this record depreciation mean for inflation, fuel prices, imports and investor sentiment? On Business Today TV, Sakshi Batra speaks with Sunil Shah, Fund Manager at SRE PMS, who explains why the rupee is weakening, how FIIs are impacting markets and what steps the government and RBI are taking to control the slide.