Rupee settles at an all-time low of 87.60, down 18 paise
The currency had previously ended at a record low of 87.58 on February 6, 2025.
The rupee depreciated 18 paise to close at an all-time low of 87.60 against the US dollar amid concerns over the imposition of higher tariffs by the US on India.
The currency had previously ended at a record low of 87.58 on February 6, 2025.
The rupee opened at 87.71 on Thursday, compared to the previous close of 87.42. It touched an intraday high of 87.51 and a low of 87.73.
“A rise in the dollar index near 99.83 and the imposition of a 25 per cent tariff on India by the US added significant pressure on the rupee. Sentiment was further dampened by weakness in the capital markets amid ongoing tariff-related concerns,” said Jateen Trivedi, VP research analyst – commodity and currency, LKP Securities.
The rupee is expected to remain under pressure with a broader trading range seen between 87.25 and 88 against the dollar.
The rupee depreciated 18 paise to close at an all-time low of 87.60 against the US dollar amid concerns over the imposition of higher tariffs by the US on India.
The currency had previously ended at a record low of 87.58 on February 6, 2025.
The rupee opened at 87.71 on Thursday, compared to the previous close of 87.42. It touched an intraday high of 87.51 and a low of 87.73.
“A rise in the dollar index near 99.83 and the imposition of a 25 per cent tariff on India by the US added significant pressure on the rupee. Sentiment was further dampened by weakness in the capital markets amid ongoing tariff-related concerns,” said Jateen Trivedi, VP research analyst – commodity and currency, LKP Securities.
The rupee is expected to remain under pressure with a broader trading range seen between 87.25 and 88 against the dollar.
