The Indian rupee witnessed a significant drop, declining by 38 paise to close at 85.82 against the US dollar amidst global market volatility driven by trade tensions and concerns of an economic slowdown. Despite the decrease in crude oil prices, the rupee faced weakening pressure as Foreign Institutional Investors (FIIs) and domestic investors pulled out. The Reserve Bank of India’s (RBI) upcoming monetary policy announcement and the continued decrease in crude oil prices are expected to play a crucial role in shaping the future trajectory of the rupee.