Indian Rupee Falls to Record 92.37 per Dollar as Oil Crisis Shakes Markets

The Indian rupee fell to a historic low against the US dollar during trading on March 13, The Times of India reports. The currency of the BRICS member state dropped to 92.37 rupees per dollar, marking the weakest level in its history. The depreciation continues a steady trend seen in recent years. In 2021, the exchange rate stood near 75 rupees per dollar, rising to 81 in 2022, 82 in 2023, and 85 in 2024.