Rupee Hits Record Low, Markets Decline

The Indian rupee hit a record low of 89.66 against the US dollar but later rebounded to 89.20.

The Congress party criticized the government for not doing enough to stop the rupee from falling.

The Reserve Bank of India stepped in to help, but experts think the rupee might fall even more.

The stock markets also fell, with the Nifty and Sensex dropping.

Investors are worried about the weakening rupee and the economy.

The rupee's decline was partly due to a strong demand for dollars and uncertainties in global trade.

The Congress wants the government to take strong actions to fix the economy and stop the rupee from losing value.