8Photo© ndtv.comRupee Hits Record Low As Trump Tariffs Spark Fears Of Global Trade War
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The rupee hit a record low of 87.29 against the US dollar due to global trade war tensions after President Trump imposed tariffs on imports from Canada, Mexico, and China. The US dollar index surged, and the Reserve Bank of India might intervene. The Indian stock market also saw significant declines, reflecting investor concerns.
“ Amongst Asian currencies Yuan slumped to 7.3551, IDR to 16448 and KRW to 1470,
Anil Kumar,
Rupee Hits Record Low As Trump Tariffs Spark Fears Of Global Trade War
“ The range for the day is expected to be between 86.65/87.00 with the Reserve Bank expected to intervene to cool off the dollar bids,
Sanjay Leela Bhansali,
Rupee Hits Record Low As Trump Tariffs Spark Fears Of Global Trade War