<h1>Rupee plunges to record 88.09 per US dollar on heavy foreign outflows and steep US tariffs, RBI may intervene</h1> The rupee fell to an all-time low of 88.09 per US dollar amid large foreign fund outflows and the imposition of steep US tariffs, prompting market commentary that the measures could widen India's trade deficit and sustain downward pressure. The Reserve Bank of India flagged US trade-policy uncertainty as a downside risk and reported a fall in forex reserves; market participants expect possible RBI intervention if spot rates approach 88.50. The government signalled forthcoming export-support measures. Domestic equity weakness, importer hedging and triggered stop-losses also contributed to the depreciation.