In early trading on Friday, the Indian rupee experienced a drop of 5 paise, reaching a historic low of 84.37 against the US dollar. According to PTI, this decline was primarily driven by continuous outflows of foreign funds and a muted trend within the domestic equity markets, highlighting ongoing pressures on the currency.

The rupee opened at 84.32 against the dollar at the interbank foreign exchange and soon fell further to 84.37, marking a 5 paise drop from its previous close. On the preceding day, Thursday, the rupee had already reached a fresh all-time low, ending at 84.32 to the dollar.