🚨 Rupee CRASHES to NEW Record Low! 😱 What's Fueling the Dollar Surge and RBI's Silence? Find Out Now!

Overview

The Indian rupee has hit a historic low, trading at 89.46 against the US dollar amid strong dollar demand and reduced support from the Reserve Bank of India. This marks the sharpest single-day fall in months, making the rupee the worst performer in Asia. Factors like delayed trade deals, fading hopes of US interest rate cuts, and currency traders' actions are contributing to the decline. Experts await RBI intervention to stabilize the currency.