The rupee weakened by 8 paise to close at a record low of 88.18 (provisional) against the US dollar on Tuesday, weighed down by uncertainty over the Indo-US trade deal and weak domestic equities.
Forex traders noted that the local currency continues to hover near lifetime lows, with risks tilted to the downside amid concerns over US trade tariffs. Persistent foreign fund outflows and dollar strength could add further pressure on the rupee, they added.