💨 Abstract

The Indian rupee reached a record low of 87.29 against the US dollar due to unabated foreign fund outflows, the broad strength of the American currency, and fears of a global trade war following Trump's tariffs on Canada, Mexico, and China. Finance Secretary Tuhin Kanta Pandey stated there is no concern over the rupee's value, and the Reserve Bank of India is managing the currency's volatility.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖