The Indian currency had hit its all-time intra-day low of 74.45 against the US dollar on 11 October, 2018, making it one of the Asia's worst performers.

The Indian currency hit a fresh record low of 72.91 against the dollar on Wednesday, only to recover to Rs 72.35. The currency has fallen over 13 per cent against the dollar since January.

On Tuesday, foreign institutional investors pulled out Rs 1,454 crore from the Indian stock markets-their highest daily outflow in over three months. Brent crude, used to price international oils, gained 57 cents to $79.63 a barrel.

While several measures have been suggested to contain the rupee fall which has depreciated nearly 13% since the beginning of this year, you will be surprised to know that the Indian currency is not the only one to lose major ground due to geopolitical and fiscal factors.

Continuing its losing streak against the US dollar for the seventh consecutive session, the Indian rupee on Thursday breached the 72 mark for the first time.

The Indian rupee continued to lose its value on Wednesday, falling to a record low of 71.79 against the US dollar.

Rupee's near-continuous slide against the dollar has been unrelenting.

The central bankers and governments of the EM countries have taken a number of steps to protect the value of their currencies

In Q1FY19, the total oil import stood at $32.85 billion, while export was $9.1 billion.

Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.

The rupee set a new all-time low record today, staying above the psychologically-important 70 mark against the US dollar. Here are the factors weighing down the rupee.

The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.

Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.