Rupee tumbled to an all-time low of 84.88 against the US dollar, driven by heightened demand and market uncertainty, though RBI interventions helped prevent sharper declines in the currency.
After a particularly calm year in 2023, the rupee hit several lows against a roaring US dollar in 2024, even while it remained the least volatile among its peers. On Wednesday, it settled at 84.83 per ...