The Indian rupee closed at a historic low of Rs 83.45 per dollar on Monday due to escalating tensions in the Middle East, impacting Asian currencies. Despite this, the rupee exhibited resilience, trading in a narrow range amidst global turmoil. Jateen Trivedi of LKP Securities noted that while the dollar remained steady, crude oil weakness offset gains amid geopolitical tensions. Remarkably, the rupee performed better than most Asian currencies, experiencing only marginal depreciation of 4 paise. In the current year, it ranks as the third most stable currency after the Bangladesh Taka and Hong Kong Dollar.