💨 Abstract

On Monday, the Indian rupee weakened past 87 per USD for the first time due to a surge in the US dollar following President Trump's imposition of tariffs on the country's major trading partners. The dollar index rose 0.3%, while Asian currencies, including the offshore Chinese yuan, weakened. Traders anticipate further rupee losses throughout the day.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖