Editor's Pick of the Day - Freefallin' - All you need to know about the Rupee hitting an all-time low

There has been no respite for the rupee. It continues its freefall right into today, the 30th of August, as well. The rupee obliging gravity almost too enthusiastically is our Story of the Day. But we also want to go beyond the precipitous fall itself and examine the reasons why we are witnessing a freefall.

After a new all-time low hit only on the 29th of August, the rupee has hit a fresh all-time low today on the 30th of August. At 70.82 against the American Dollar, the Indian Rupee has depreciated by over 10 percent against the greenback this year.