Forex traders said the Indian rupee opened on a weak note and made a fresh record low of 87.57 as market participants anticipated that the Reserve Bank of India (RBI) may slash interest rates on 7, 2025.

The rupee rebounded 13 paise to 86.98 against the US dollar after Trump paused tariffs on Mexico and Canada. On Monday, the rupee hit a record low of 87.11. The dollar index also fell, and Brent crude decreased to USD 75.

The Indian rupee has hit a new low. The Rupee collapsed to over 87 against the US dollar. This comes after the Union Budget 2025, which was presented on February 1. Indian Rupee Slips Further In addition,

At the interbank foreign exchange, the rupee opened on a weak note at 87.13 and touched an intraday low of 87.49 against the American currency during the session.

The Indian rupee recovered 13 paise against the US dollar on Tuesday after President Trump agreed to pause tariffs on Mexico and Canada. The currency had reached an all-time low on Monday.

The Indian rupee weakened past 87 to the U.S. dollar for the first time ever on Monday in the wake of a slump in Asian currencies and equities after U.S. President Donald Trump's tariff threats became a reality.

The Indian rupee took a massive hit on Monday and slipped to a new record low against the American dollar. The domestic unit depreciated 67 paise to reach an all-time low of 87.29 against the US dollar in early trade on Monday.