Indian Rupee Plunges to Historic Low Against US Dollar

Indian Rupee Hits Historic Low

The Indian rupee has dropped to an all-time low against the US dollar this week, raising concerns about the currency’s stability. Despite interventions by India’s central bank, which have yielded the highest gains since May, questions remain about the effectiveness of these measures.

RBI’s Intervention Efforts

The Reserve Bank of India (RBI) has increased its market presence to stabilize the rupee. While these actions have provided some relief, experts are debating whether they can sufficiently counteract the ongoing downward trend of the currency.