Current Affairs - Economy - Discussion

On January 10, 2025, the Indian rupee hit a record low of ₹86 against the US dollar, marking a significant depreciation. This decline was driven by a stronger US dollar, sustained foreign institutional investor (FII) outflows, and rising global crude oil prices. These factors added pressure on the rupee, reflecting challenges in the Indian economy and increased volatility in the foreign exchange market. Despite interventions by the Reserve Bank of India, the rupee breached the ₹86 threshold for the first time.