 "Rupee Dips to Historic Low Amidst Unstable Market Forces in August")
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 ...
