<h1>Indian Rupee Hits Record Low of 87.59 Against US Dollar Amid RBI Rate Cut Expectations and Global Market Uncertainty</h1> The Indian rupee fell 16 paise to a record low of 87.59 against the US dollar, influenced by expectations of a rate cut by the Reserve Bank of India (RBI) and weak domestic markets. The rupee's decline is attributed to increased dollar demand from importers and global market risk aversion due to US trade tariff uncertainties. The rupee has depreciated over 2% this year, following a 3% drop in 2024. Analysts suggest the rupee may approach 88 per dollar, with the RBI's upcoming monetary policy decision and US economic data being closely watched. Meanwhile, India's services sector growth has slowed, and foreign investors have sold off equities.