Rupee slides 67 paise, hits new record low of 87.29
Strong US dollar and impact of new Trump tariffs on China, Canada, and Mexico pushed the rupee down to hit a new low
Strong US dollar and impact of new Trump tariffs on China, Canada, and Mexico pushed the rupee down to hit a new low
Strong US dollar and impact of new Trump tariffs on China, Canada, and Mexico pushed the rupee down to hit a new low
Strong US dollar and impact of new Trump tariffs on China, Canada, and Mexico pushed the rupee down to hit a new low
The Indian currency depreciated to hit a new record low of 87.29 against the dollar in Monday morning trade on the onset of tariffs on China, Canada, and Mexico imposed by US President Donald Trump.
Mounting pressure from foreign fund outflows and the strengthening dollar in the overseas markets, along with demand for the American currency from oil importers, added to the woes of the rupee.
[This is a developing story and is being updated]