The Indian rupee fell to an all-time low of 83.80 against the US dollar on Monday, following a significant drop in Indian equities and foreign fund outflows. The rupee, which opened at 83.78, declined by 8 paise from its previous close. Global equity markets saw a sell-off due to recession fears from a weak US Jobs Report and escalating Middle East tensions. Despite favorable oil prices and a weaker dollar, the rupee’s movement is capped by the Reserve Bank of India. For investors, this highlights ongoing currency risk and market volatility.
