The Indian rupee fell to a record low against the US dollar, trading at ₹84.05 per USD, reflecting a depreciation of 0.10% as of 11:47 AM IST today. This decline in the value of the rupee comes amid global market pressures and a strengthening US dollar, which has been gaining momentum due to economic developments in the US and investor sentiment.
The weakening rupee could have multiple impacts on the Indian economy, including increasing import costs, affecting sectors like oil, gold, and other essential commodities, while potentially benefiting export-driven industries.
