Rupee Hits All-Time Low Against Dollar, Breaches 95 Mark for First Time

• Indian rupee depreciates to an unprecedented low of 95.45 against the US dollar on March 30.
• This marks the first time in history that one dollar has crossed the 95-rupee mark.
• Rupee's value declined by approximately 4.4% in the March quarter alone, causing investor concern.
• RBI intervenes with strict limits on banks' Net Open Forex Positions to stem the fall.
• Rising international crude oil prices and strengthening dollar contribute to the rupee's decline.