The Indian currency, the rupee, has fallen to its lowest rate ever, 84.70 rupees per dollar.
An unexpectedly weak Indian GDP figure in combination with dollar strength explains the development.
The Indian economy has, according to fresh GDP calculations, slowed down to its lowest growth in almost two years.
At the same time, Indian market interest rates are being pushed down ahead of what may be an interest rate cut from India's central bank on Friday.
