The rupee closed at an all-time low of 83.15 per US dollar on Thursday, reflecting concerns over US interest rates and worries about the Chinese economy. Global investors have been reducing their exposure to emerging market currencies, including the rupee, as the likelihood of higher US interest rates for a prolonged period and deepening concerns over the Chinese economy weigh on sentiment. The rupee’s depreciation against the dollar poses challenges for the Indian economy, particularly in terms of imports and inflation. The current trend reflects the cautious approach of investors towards emerging markets and their preference for safer assets.