💨 Abstract

The Indian rupee plunged 45 paise on Monday, nearing the 88 per US dollar level due to US tariff concerns and a strong US dollar. However, the rupee recovered 5 paise after RBI intervention. The American currency gained in the overseas market following US President Trump's plans for 25% tariffs on steel and aluminum imports. The rupee touched an all-time low of 87.95

Courtesy: theprint.in

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