The Headlines – Currency watch: Rupee plunges 61 paise to all-time low of 88.19 vs dollar; FIIs add to pressure

The rupee plummeted to a record low of 88.19 against the dollar amid escalating trade tensions with the US, month-end dollar demand, and continuous foreign fund outflows. New tariffs imposed by Washington on Indian exports and weak domestic equities further pressured the currency. The government plans to announce measures to bolster India’s global trade presence and support exporters facing uncertainty.

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