The Indian rupee has reached a historic low due to a decline in local equities and the strong performance of the dollar.
Both the BSE Sensex and Nifty 50 benchmark equity indexes have dropped by around 0.7%. Market analysts are closely monitoring these developments as the weakening rupee could have significant implications for the economy, particularly in terms of inflation and import costs.
Investors are advised to stay vigilant as the situation evolves, with potential impacts on various sectors.