Trade tariff worries push rupee to record low, RBI steps in to cap losses

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The Indian rupee hit a record low of 87.95 per U.S. dollar on Monday due to fears of new U.S. trade tariffs. The Reserve Bank of India likely intervened by selling dollars to prevent the rupee from falling further. President Trump announced plans to introduce 25% tariffs on steel and aluminium imports, impacting Asian currencies.

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Trade tariff worries push rupee to record low, RBI steps in to cap losses

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