The rupee touched a historic low of ₹86.00 against the US dollar on Friday, declining 14 paise amid sustained foreign institutional investor (FII) outflows, stronger dollar demand, and surging crude oil prices. Negative domestic equity trends added to the pressure. Rising US bond yields and expectations of restrictive US trade policies fuel demand for the dollar. Forex analysts expect USD-INR to trade in the range of ₹85.80-86.15.
