Rupee Dips to Historic Low Amidst Unstable Market Forces in August
In August 2024, the Indian rupee faced challenges, becoming the second-worst performing currency in Asia after the Bangladesh Taka, due to high demand for the US dollar and a drop in investment in Indian equities. The rupee depreciated by 0.2 percent, trading at Rs 83.87 per dollar, nearing its all-time low. Despite this decline, the ...