💨 Abstract

The Indian rupee hit an all-time low on Friday, driven by U.S. trade tariff threats under President Trump and foreign portfolio outflows. The Reserve Bank of India is believed to have intervened to limit losses, with state-run banks offering dollars on its behalf. Trump's plan to impose tariffs on Canada, Mexico, and potential levies on China further weakened most Asian currencies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖