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Rupee recovers 3 paise from all-time low to close at 87.08 against US dollar

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Dion Global

04 Feb 2025

The rupee recovered 3 paise from its all-time low level to close at 87.08 (provisional) against US dollar on Tuesday, as the American currency index retreated from its elevated level after President Donald Trump agreed to pause tariffs on Mexico and Canada.

Forex traders said the US dollar index, which had surged past 109.88 level, retreated to 108 level after Trump announced the temporary pause on tariffs for 30 days.

At the interbank foreign exchange, the rupee opened at 86.98 and touched an intraday low of 87.13 against the American currency during the session.