Comparison of the performance 10 of the Rupee across successive crisis episodes  10  Source: Data from Bloomberg has been used to evaluate the performance of Rupee. 10  tells its own tale. During the global financial crisis, the Rupee witnessed its worst depreciation - between April 1, 2008 and March 3, 2009 when it lost 23% against the US dollar.
Similarly, it depreciated by 22% during the taper tantrum between May 01, 2013 and Aug 28, 2013. However, the extent of Rupee depreciation was lower in each subsequent episode of turbulence. In the initial days of the pandemic, i.e., between February 17, 2020 and April 21, 2020, the Rupee depreciated by only 7%.