Rupee hits all-time low of 88.09 against US dollar

Fri, 29 August 2025

20:34

The rupee breached the 88-mark for the first time and closed at an all-time low of 88.09 against the US dollar on Friday, registering a sharp decline of 51 paise amid a massive outflow of foreign funds and heightened tensions over a trade deal between India and the US.

Forex traders said the rupee is under persistent pressure amid the imposition of steep tariffs by the US compounded with persistent foreign fund outflows and month-end dollar demand.

Moreover, a negative trend in domestic equities dented market sentiments.

At the interbank foreign exchange market, the rupee opened at 87.73 against the US dollar, then lost ground and fell to its lowest-ever intra-day level of 88.33.

The domestic unit settled for the day at an all-time low of 88.09 against the greenback, registering a sharp fall of 51 paise over its previous close. -- PTI

TOP STORIES

Bondi beach shooter originally from Hyderabad: Cops

Telangana Police confirm that Sajid Akram, a suspect in the Bondi beach shooting in Australia, is originally from Hyderabad. He migrated to Australia 27 years ago.

IPL auction: CSK buy Sarfaraz, DC get Shaw for Rs 75 lakh

Seasoned South African opener Quinton de Kock returned to his old base Mumbai Indians for a base price of Rs 1 crore.

Why CSK splurged Rs 28.4cr on Kartik and Prashant

Uncapped Indian wicketkeeper-batter Kartik Sharma was sold to five-time champions CSK for a whopping price of Rs 14.2 crore during the Indian Premier League (IPL) 2026 auction on Tuesday.

Bengal SIR redraws voter map with over 58 lakh deletions

The Election Commission released the names of deleted voters in West Bengal ahead of the publication of the draft electoral rolls for the upcoming assembly elections.

Relief for Gandhis; ED's National Herald chargesheet rejected

The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi, as well as late party leaders Motilal Vora and Oscar Fernandes, along with Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering.