The Indian rupee has experienced significant depreciation against the US dollar, hitting multiple record lows over the past few days. On August 1, the rupee fell to a record low of 83.75 per dollar. The Reserve Bank of India (RBI) has been reportedly selling US dollars to prevent further decline. By August 2, the rupee dropped further to 83.7450 and closed down 0.04% at 83.75 per dollar. On August 5, it reached an all-time low of 83.85 per dollar, closing at 83.88. The depreciation is attributed to a global stock sell-off and concerns over US economic growth, leading to outflows from Indian markets. Despite RBI's interventions, the rupee continued to weaken, opening at 83.84 per dollar on August 6, and hitting a fresh record low of 83.90.