<h1>Rupee plunges to record low after 50% US tariffs, sparking export challenges, capital flight and urgent government measures</h1> The rupee plunged to a record low of 88.19 against the US dollar amid imposition of steep US tariffs, persistent foreign fund outflows, month-end dollar demand and weak domestic equities, raising legal and economic risks for trade and financial stability. The US's 50% tariff on certain exports targeting labour-intensive sectors is likely to prompt challenges for exporters and may increase the trade deficit; the central bank warned of downside demand risks from US trade policy uncertainty. The government signalled imminent measures to support exporters and mitigate impact; continued capital flight and market weakness could prompt further regulatory or policy responses.