While the Indian rupee fell to its record low of Rs. 71 versus the dollar, India recorded an increase of 8.2% in the GDP during the first quarter of the financial year. The value of rupee had been dropping consistently for the past few days, thanks to the rising crude prices & the ongoing trade war.. The GDP indicated that India is the fastest growing economy in the world. Growth rate of 8.2 percent is also the fastest in the past eight quarters and since demonization. The previous best was 9.2 percent in the July-September quarter in 2016, but it slowed down to 5.6 percent in 2017, before picking up pace and touching 7.7% in July-September.