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Rupee plunges 61 paise to record low of 88.19 against US dollar

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Dion Global

29 Aug 2025

The rupee slipped below the 88-mark for the first time, closing at a record low of 88.19 (provisional) against the US dollar on Friday, down 61 paise amid escalating Indo-US trade tensions.

According to forex traders, the domestic currency faced sustained pressure from steep US tariffs, persistent foreign fund outflows, and strong month-end dollar demand.

Additionally, weak domestic equities further weighed on market sentiment.