The value of the Indian rupee has reached an all-time low against the US dollar.
This information was reported by India’s leading media outlet, the Indian Express, on Monday.
The report stated that tensions are rising in the Middle East following Iran’s attack on Israel. In this context, Asian currencies have depreciated. Other assets have come under risk, leading to a decline in the value of the Indian rupee.
By the end of the day, one dollar was sold for 83 rupees and 4500 paise. Last Friday, the rate was 83 rupees and 4125 paise. At the beginning of this month, the Indian currency reached its lowest point in history, with an exchange rate of 83 rupees and 4550 paise per dollar.
On this day, the Indian currency remains close to that level. On the discussed working day, the country’s central bank (RBI) supplied a significant amount of dollars to importers, protecting the Indian rupee from a major drop in value.
