Rupee Slides to Record Low of 88.33 per Dollar on Trump Tariff Jitters and FII Withdrawals
The Indian rupee fell to a fresh record low on Monday, weighed down by aggressive importer hedging and an increase in short positions following higher U.S. tariffs.
The currency dropped to 88.33 per U.S. dollar, breaching Friday’s all-time low of 88.3075. Analysts highlighted that the move extended the downward pressure seen at the end of last week.
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