The Indian rupee reached a historic low of 84.38 per dollar on Thursday, affected by rising crude oil prices and continuous selling of domestic equities by foreign investors. The rupee’s decline is also influenced by the upcoming US Federal Reserve meeting and increased US yields after the recent presidential election result.

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• Rupee touched an all-time low of 84.38 per dollar on Thursday.
• The currency had dropped to 84.28 per dollar on Wednesday after Donald Trump’s win in the US presidential election.
• Rising crude oil prices and equity selloff by foreign investors pressure rupee.
• US Federal Reserve’s potential rate stance adds uncertainty, affecting rupee.
• RBI adopts gradual depreciation to align with Asian currencies.
• Trump’s policies expected to strengthen the US dollar and push yields higher.
• Increased tariffs on imports and Chinese goods likely from Trump’s administration.
• Morgan Stanley projects a strong US dollar amid expected fiscal expansion.
• Rupee fell by 0.38% in recent sessions, performing better than most Asian peers.
• RBI announced foreign accessibility to sovereign green bonds with 10-year tenor.