The Indian rupee has fallen to a historic low, trading beyond 96.50 against the US dollar, marking a decline of over 50% since 2009. The currency's depreciation is attributed to rising crude oil prices, foreign capital outflows, and a stronger US dollar. During intraday trading, the rupee reached 96.8 before closing near 96.6. This marks the rupee's 12th consecutive session of losses, driven by India's reliance on imported energy and the US Federal Reserve's high-interest-rate policy, which attracts capital to dollar-based assets. Despite the Reserve Bank of India's substantial foreign exchange reserves, analysts suggest that intervention can only mitigate volatility, not reverse global pressures. The rupee's decline coincides with India slipping behind the UK in nominal GDP rankings, now estimated at $4.15 trillion. This economic shift has fueled discussions about the rupee's broader weakness, including its depreciation against regional currencies like the Pakistani rupee.