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Rupee buckles under tariff heat, hits all-time low
August 30, 2025
|The New Indian Express Dharmapuri
THE rupee reached an unprecedented low on Friday, dropping past the 88-per-dollar mark for the first time in history.
The decline came amid heightened worries in the market over the impact of stiff US tariffs on India's exports and subsequently its economic growth.
The local currency hit a low of 88.30 to the dollar, surpassing its prior record of 87.95 set in February. As per traders, an intervention by the central bank through dollar sales helped in partial recovery of rupee. Rupee closed the Friday trading session at a record low of 88.19 (provisional) against the dollar. On Thursday, it had settled at 87.62/$.
هذه القصة من طبعة August 30, 2025 من The New Indian Express Dharmapuri.
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The New Indian Express Dharmapuri
Serial accused from Bihar to be probed for Maha test leak
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Iran attacks Bahrain, Kuwait after US strikes
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Chromosomal analysis opens intensive & meaningful frontier for life science grads
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2 mins
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India’s contribution to BRICS: Nari Shakti moves from promise to delivery
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As VB-G RAM launch nears, Oppn plans for SC challenge
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Social media, digital funds pose terror risks, says FATF
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1 mins
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ANCY’S RECORD GIVES HOPE, BUT CONSISTENCY IS KEY
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Lawyers refuse to defend Ram temple fund scam accused
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