Rupee sees its worst fall in 3 months amid stock market rout

The fall in the rupee contrasts sharply with its 2.4% gain against the US dollar in March

- Gopika Gopakumar

The Indian rupee suffered its sharpest one-day fall in nearly three months on Monday, as concerns over US President Donald Trump's sweeping reciprocal tariffs triggered a global stock market rout, dragging Asian currencies lower.

The rupee closed at 85.8350 per US dollar, down 0.7% or 60 paise, its worst single-day fall since 13 January. Most Asian currencies edged lower, falling 0.2-1.2% against the dollar.

India's benchmark equity indexes, the BSE Sensex and Nifty 50, shed about 3% each, their steepest one-day fall since June last year.