This year we have seen Indian rupee dipping to an all-time low. On Wednesday morning Indian Rupee saw another fall to ₹73.33 per the US dollar.
According to reports from Times Of India, Forex dealers suggest that the Indian rupee has declined due to a surge in the global crude oil prices that has crossed $85 a barrel. . Further a strong demand for the US dollar from importers have also affected the value of currency in the subcontinent.
— ANI (@ANI) October 3, 2018
Reports from Sept. 19 suggest that the Reserve Bank of India(RBI) could sell at least $25 billion at forex market to support the Indian rupee against the US dollar. This year Indian rupee has dipped 13 percent in its value and has become a worst performing currency in Asia.