The rupee has fallen from Rs 85 to Rs 90 per USD in under a year, far quicker than previous five-rupee intervals, which earlier took anywhere between 581 to 1,815 days. SBI in its report noted this as the second-quickest fall since the 2013 Taper Tantrum.
The selling pressure returned to Indian markets on Thursday after a brief bounceback in the previous trading session, as persistent foreign investor outflows weighed on sentiments.