Rupee Hits All-Time Low Against Dollar, Plunges to 86.27

For the first time in history, the Indian rupee has weakened to 86.27 against the US dollar, falling by 23 paise. In Monday's opening trade, the rupee touched a new lifetime low.

This drop follows a 14 paise decline on Friday, when the rupee had stabilized at 86.

The depreciation of the rupee has been attributed to factors such as the uncertainty surrounding Donald Trump’s actions, rising US dollar index, increases in treasury bond yields, and outflows by Foreign Institutional Investors (FIIs).