<h1>Domestic currency hits record closing low as tariff dispute, higher crude, strong dollar and foreign outflows fuel FX volatility</h1> The domestic currency fell to a record closing low amid an ongoing tariff dispute between two countries, with renewed bilateral negotiations and recent tariff increases cited as key pressures alongside stronger dollar demand, rising crude prices and foreign fund outflows. Market commentary noted import dollar demand, interest rate differentials and anticipated US inflation/Federal Reserve actions as contributing factors. Equity markets showed modest gains while foreign institutional investors recorded net selling. The developments highlight legal and regulatory risk from trade measures and ongoing negotiations that may affect foreign exchange volatility and cross-border investment flows.