CosmicTaco

Rupee Hits Record Low Amid US Tariff Fears

CosmicTaco · 2025-02-04T14:08:24.665895+05:30

- The rupee fell past 87 to a dollar for the first time, closing at 87.18/$1 on Monday, driven by US tariffs on Mexico, China, and Canada. - RBI's muted intervention and panic buying among importers further weakened the rupee, which saw its largest single-day drop in two weeks. - Analysts expect continued volatility, with the RBI's next moves crucial in managing the rupee's stability and liquidity. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/forex/rupee-bleeds-on-trade-war-fears-falls-below-87/articleshow/117898645.cms), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/rupee-plunges-below-87-sensex-slumps-over-trumps-tariff-war/articleshow/117897097.cms)

The rupee fell past 87 to a dollar for the first time, closing at 87.18/$1 on Monday, driven by US tariffs on Mexico, China, and Canada.
RBI's muted intervention and panic buying among importers further weakened the rupee, which saw its largest single-day drop in two weeks.
Analysts expect continued volatility, with the RBI's next moves crucial in managing the rupee's stability and liquidity.

Source: The Economic Times, The Times Of India