The Indian Rupee on Friday hit an all-time low of 2021, reaching 20.16 against the UAE Dirham in line with selloff in the equity markets amidst rising US Treasury yields and rising oil prices.
The rupee dropped from 19.68 to 20.16, losing 2.45% of its value.
It was reportedly the biggest drop of the Asian currency since March last year. The rupee is down 1.4% year-to-date against the UAE currency.
