Indian rupee falls to all-time low against the US dollar


Image from Reuters.

NEW DELHI (Bernama): The Indian rupee plunged to an all-time low of 87.29 versus the US dollar on Monday (Feb 3) as the currency felt the heat of the new US administration raising the spectre of a global trade war.

The rupee hit a record low as the dollar index surged, driven by President Donald Trump's imposition of tariffs on key US trading partners, including Canada, Mexico, and China, along with warnings of similar actions against the European Union.

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