The Reserve Bank of India (RBI) may adopt a wait-and-watch mode going forward, even as the Indian rupee depreciates to a record low, as multiple factors, such as the potentially deteriorating macro conditions caused by the war in West Asia, according to experts. On March 20, the rupee touched a lifetime low of Rs 93.49 to the dollar, surpassing its previous record low of Rs 92.63 per dollar. The currency has lost nearly 80 paise during the day, making it one of the largest intra-day losses in recent months. The currency and fixed- income markets were closed on March 20, on account of a public holiday.