<h1>Indian Rupee Hits Record Low at 87.57 Against US Dollar Amid RBI Rate Cut Expectations and Economic Slowdown Concerns</h1> The Indian rupee fell 14 paise to a record low of 87.57 against the US dollar amid expectations of an interest rate cut by the Reserve Bank of India (RBI) and weak economic indicators. The depreciation was driven by foreign fund outflows, negative trends in domestic equities, and a decline in risk appetite. The rupee's weakness was further exacerbated by significant dollar buying by foreign banks and importers. Additionally, India's services sector showed the slowest growth in over two years, contributing to the economic slowdown concerns. The RBI's Monetary Policy Committee is set to announce its decisions on February 7, 2025.