Rupee slides down to record low of 87.29 after Trump's tariff threats

Quick Summary:

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.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaCanadaChinaMexico

Topics: Rupee record low Global currency market Rupee slides India forex reserves Trump tariff threats

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 14:15:40 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 776 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25771300

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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