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of <h1>Rupee Hits Record Low at 87.29 Against USD Amid Global Trade War Fears and Rising Oil Prices</h1> The rupee fell by 67 paise to a record low of 87.29 against the US dollar, driven by fears of a global trade war following new tariffs imposed by the US on Canada, Mexico, and China. The American currency's strength, fueled by demand from oil importers and weak risk appetite, pressured the rupee. The US dollar index rose significantly, impacting global currencies. Asian currencies also weakened, and Brent crude prices increased. India's forex reserves saw a rise, but the domestic equity market experienced declines, with foreign institutional investors selling equities worth Rs 1,327.09 crore.
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