The North News
Shimona Sharma
The North News
Chandigarh, February 10
The Indian rupee fell to an all-time low on Monday, depreciating by 44 paise to 87.9400 per dollar, as concerns grew over U.S. President Donald Trump’s plan to impose a 25% tariff on steel and aluminum imports. The currency’s decline followed a brief recovery on Friday when the Reserve Bank of India (RBI) cut its key lending rate by 25 basis points. However, market sentiment remained weak, weighing on the rupee, the Financial Express reported. The dollar index, which measures the U.S. currency against a basket of six major peers, rose 0.26% to 108.32, reflecting renewed strength in the greenback. At 9:36 AM, the rupee extended its losses, trading 0.55% lower at 87.9050 per dollar, the news outlet said.
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