<h1>Indian Rupee Hits Record Low of 87.17 Against Dollar Amid Global Market Concerns and Strong USD Demand</h1> The Indian rupee fell 55 paise to a record low of 87.17 against the US dollar, influenced by global market concerns after the US imposed tariffs on Canada, Mexico, and China. The rupee's decline was driven by a strong US dollar, foreign fund outflows, and weak domestic market trends. Despite a rise in India's forex reserves, the rupee faced pressure from oil importers' dollar demand and low risk appetite. The BSE Sensex and Nifty indices also fell, while foreign institutional investors sold equities worth Rs 1,327.09 crore. The Reserve Bank of India is managing currency volatility, with no fixed rate applied to the rupee.