- Indian rupee hits historic low against the US dollar at 83.3050.
- The decline is influenced by weakness in Asian currencies and a surge in US yields.
- The previous record low was 83.2950.
- Traders suggest the Reserve Bank of India (RBI) has intervened by selling US dollars to prevent further depreciation.
- The breach of the longstanding support at 83.30 indicates a potential shift in the rupee’s trading range.