Rupee settles at an all-time low of 87.60, down 18 paise

The rupee opened at 87.71 on Thursday, compared to the previous close of 87.42. It touched an intraday high of 87.51 and a low of 87.73.

“A rise in the dollar index near 99.83 and the imposition of a 25 per cent tariff on India by the US added significant pressure on the rupee. Sentiment was further dampened by weakness in the capital markets amid ongoing tariff-related concerns,” said Jateen Trivedi, VP research analyst – commodity and currency, LKP Securities.

The rupee is expected to remain under pressure with a broader trading range seen between 87.25 and 88 against the dollar.

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