<h1>Rupee Hits Record Low of 87.95 vs Dollar, Recovers to 87.45 After RBI Steps In Amid Trade Tensions</h1> The Indian rupee experienced volatility, initially plunging to an all-time low of 87.95 against the US dollar due to a strong dollar index and global trade tensions. However, it recovered to settle at 87.45, aided by the Reserve Bank of India's intervention. The US dollar gained strength following tariff announcements by the US President, contributing to global trade war concerns. The RBI emphasized focusing on the rupee's long-term value rather than daily fluctuations. Meanwhile, India's forex reserves increased, and domestic equity markets saw declines, with foreign institutional investors selling equities.