currency-watch:-rupee-hits-all-time-low-of-88.10-against-us-dollar,-trade-worries-and-fund-outflows-weigh

The Indian rupee depreciated to a record low of 88.10 against the US dollar. This decline occurred due to worries about Indo-US trade and strong dollar demand. Foreign fund outflows also put pressure on the rupee. Domestic equities provided some support, leading to a slight recovery. Concerns over US tariffs and rising crude oil prices may further strain the rupee.