<h1>Domestic currency slips to near-record lows at 88.42 versus dollar amid tariff worries, fund outflows, importer demand</h1> The domestic currency weakened to 88.42 against the US dollar amid tariff-related export concerns and sustained foreign fund outflows, marking near-record lows after earlier declines; importers' dollar demand and a firmer dollar index also pressured the currency. Market commentary indicates a near-term USD/INR trading range around 87.90-88.60, with potential relief if trade talks advance but tariffs remaining a key overhang. Equity markets rose while foreign institutional investors reported large equity sell-offs the prior day. Trade negotiations between the two countries were described as progressing positively, which may influence near-term FX sentiment.