The rupee plunged 55 paise to close at an all-time low of 87.17 (provisional) against the US dollar on Monday, as global market sentiments were impacted after the Trump administration slapped tariffs on Canada,

The rupee depreciated 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty,

This comes days after the Union Budget. The rupee had pared initial losses and settled for the day higher by 3 paise at 86.59 (provisional) against the US dollar on Friday, as the support from positive domestic equities was negated by unabated foreign fund outflows and month-end dollar demand.

Mumbai: The rupee depreciated 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war.

The Indian rupee took a massive hit on Monday and slipped to a new record low against the American dollar. The domestic unit depreciated 67 paise to reach an all-time low of 87.29 against the US dollar in early trade on Monday.

The rupee fell by 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday, February 3, 2025, a day after US President Donald Trump's tariffs on Canada, Mexico and China that triggered fears of a broad trade war.

The dollar index was up 0.3% at 109.8, while Asian currencies weakened, with the offshore Chinese yuan down 0.5% at 7.35 per US dollar.