Indian rupee has plummeted to an all-time low of 83.54 against the US dollar, sparking investor panic. The turmoil in the region has triggered concerns about oil supply disruptions and geopolitical instability, leading to a rush among investors to seek refuge in the dollar.
This rapid depreciation of the rupee underscores the vulnerability of emerging market currencies to external shocks and highlights the need for prudent economic management in the face of global uncertainties.