The rupee fell 45 paise to an all-time low of 87.95 against the US dollar, pressured by RBI’s recent rate cut, a strong dollar, and global trade tensions. Market concerns grew after the US imposed 25% tariffs on steel and aluminum. With another rate cut expected in April, further weakness is likely. Forex reserves rose to $630.6 billion, but FIIs continued selling Indian equities.
Rupee Hits Record Low of 87.95 as RBI Rate Cut
