The Indian rupee dropped to a record low on Friday, driven by increased dollar demand from maturing non-deliverable forwards and currency futures, according

The rupee dropped to the lowest value ever for the first time as the depreciation, driven by a consistent nine-day demand for the dollar and end-of-month currency contract expiries.

The Indian rupee has witnessed a sharp fall against the US dollar, hitting a fresh low of ₹85.73 on Friday. This is the currency's ninth straight day of decline, largely due to strong dollar demand in the non-deliverable forwards (NDF) market.

The rupee experienced its sharpest single-day drop in six months, plunging 53 paise to reach an all-time intraday low of 85.80 against the US dollar during Friday's mid-session. The sharp decline was driven by the ongoing rise in US bond yields,

The Indian rupee dropped to a lifetime low versus the U.S. dollar at open on Thursday, bogged down by higher U.S. Treasury yields and the dip in most Asian peers. The rupee was quoting at 85.2400 to the U.

The Indian rupee has witnessed a record fall against the US dollar, hitting an all-time low of 85.21 on Tuesday. This is the six straight session of decline for the currency. The fall is due to rising US bond yields and strong dollar demand from importers.

The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the US dollar in early trade on Thursday, dragged down by the unabated outflow of foreign capital amid increased month-end demand for the American currency.