The Indian rupee hit a record low, closing at 87.59 against the dollar. This decline occurred due to worries about US tariffs and continuous selling of Indian stocks. A strong dollar also contributed to the rupee’s fall. During the day, it even touched 87.74. However, the rupee recovered slightly, possibly because of intervention by the central bank.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets