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of <h1>Indian Rupee Hits Record Low Against USD; Finance Secretary Confident RBI Can Manage Currency Volatility</h1> The Indian rupee fell to a record low of 87.29 against the US dollar, but the Finance Secretary stated there is no concern over its value as the Reserve Bank of India (RBI) is managing the currency's volatility. The rupee's depreciation is attributed to foreign fund outflows and global trade tensions following tariff impositions by the US. Despite a 1.8% depreciation since December 2014, India's forex reserves increased by USD 5.574 billion recently, although they have been declining due to revaluation and RBI's market interventions.
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