Rupee slides by 49p to end at record low of 87.11 against dollar

Brent crude,the global oil benchmark, rose 1.41 per cent to 76.74 per barrel in futures trade

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The rupee plunged 49 paise to close at an all-time low of 87.11 against the US dollar on Monday as imposition of tariffs on Canada, Mexico and China by the Trump administration fanned fears of trade war and bolstered the American currency in global markets.

Forex traders said the Indian rupee touched a fresh all-time intra-day low of 87.29 to a US dollar on a surge in the US dollar index to above 109 levels and weak global markets.

Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty.

At the interbank foreign exchange, the rupee opened on a weak note at 87.00 and touched an intraday low of 87.29 against the American currency during the session.