The Indian rupee fell to a new all-time low early today (May 9, 2022), trading beyond 77.40 per US dollar, driven by investors’ need for safety as China’s lockdowns, war on the outskirts of Europe, and fears of increased interest rates sent a fearful jolt through markets, according to NDTV.

Customs Intelligence and Investigation Directorate officials seize a container carrying Indian currency at Chittagong port.