RStudio won't launch after multiple troubleshooting steps

I have been using R 4.0.2 on RStudio without any issues until a few days ago. I am not unable to launch RStudio and have gone through multiple articles and trouble shooting steps. I have reinstalled RStudio, checked the path to connect to R 4.0.2, renamed the RStudio directory (attached the backup), and renamed R Project directories without any success. R terminal itself opens fine and I see the path is C:\PROGRA~1\R\R-40~1.2\bin\x64\R.exe". Can you please advise how I should move forward to use RStudio?

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