The week was one of the worst for India in terms of finance and economy with the rupee and stock markets crashing. On Monday, August 19, the rupee fell past the 63-mark for the first time ever, crashing by 148 paise, the biggest single day fall in a decade.
The rupee weakened due to heavy dollar demand from exporters and bankers amid steep decline in stock markets.
Making it worst for investors and the economy, the rupee tumbled past the 65-mark on Thursday to an all time low of 65.56 before ending the week at 63.20 against the dollar. The rupee also crossed the 100-mark against the pound in this week.