On November 21, 2024, the Indian rupee hit a record low of 84.50 against the US dollar

Factors include domestic equity sell-offs, foreign investment outflows, geopolitical tensions, and surging crude oil prices

The Reserve Bank of India intervened by selling dollars. Analysts predict further depreciation, possibly reaching 85 per dollar by March-end.

Rupee's decline affects import costs and inflation. Market volatility may impact investor sentiment and future foreign investments.