In October, the Indian Rupee saw only a marginal depreciation of 0.3 percent, according to a recent report from Bank of Baroda, which compared this slight fall to the severe declines suffered by other global currencies. According to ANI, the report noted that while the rupee dropped to a lifetime low of 84.09 per dollar, this fall was relatively modest against the U.S. dollar's robust 3.2 percent increase over the month. The rupee’s trading range during October stayed between 83.82 and 84.09 per dollar.

The Bank of Baroda report, as per ANI, highlighted the resilience of the rupee, even as major global currencies faced a "bloodbath." According to the report, "INR depreciated by 0.3 per cent in Oct'24 (0.1 per cent appreciation in Sep'24) and even fell to its lifetime low of 84.09/USD. However, this decline was only marginal, when compared with bloodbath witnessed in other major currencies."