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of <h1>Indian Rupee Hits Record Low at 87.57 Against USD Amid RBI Rate Cut Expectations and Market Uncertainty</h1> The Indian rupee fell 14 paise to a record low of 87.57 against the US dollar due to expectations of a rate cut by the Reserve Bank of India (RBI) and weak domestic markets. Importer demand for dollars and global market risk aversion amid US trade tariff uncertainties further pressured the rupee. The currency has depreciated over 2% this year, following a nearly 3% decline in 2024. Forex traders predict continued negative bias for the rupee, with potential support from RBI interventions. Meanwhile, India's services sector growth slowed, and foreign investors sold equities worth Rs 1,682.83 crore.
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