The Indian rupee has reached an all-time low of 22.784 versus the UAE dirham or 83.6188 against the US dollar. The currency has depreciated beyond its previous low of 22.732 versus the Emirati dirham. Earlier today, on the interbank foreign exchange market, the local unit commenced at 22.732 and further declined to 22.746 against the dirham, marking a decrease of 4 paise from its prior close. This decline is attributed to the strong American currency and the rising trend in global crude oil prices. Despite the continuous inflow of foreign capital, the Indian rupee succumbed to the pressure due to a subdued trend in the domestic stock markets, as stated by forex traders.