Currency watch: Rupee hits all-time low of 88.10 against US dollar, trade worries and fund outflows weigh

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The Indian rupee depreciated to a record low of 88.10 against the US dollar. This decline occurred due to worries about Indo-US trade and strong dollar demand. Foreign fund outflows also put pressure on the rupee. Domestic equities provided some support, leading to a slight recovery. Concerns over US tariffs and rising crude oil prices may further strain the rupee.
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