<h1>Currency hits record closing low amid sustained capital outflows, trade tariffs, reserve decline and possible central bank action</h1> The domestic currency weakened to a record closing low amid sustained foreign capital outflows, elevated risk-off sentiment and concerns about global trade measures, while market participants awaited a central bank policy decision that could include a rate cut or intervention. Month-end importer dollar demand, higher oil prices and large equity sell-offs intensified pressure, coinciding with a reported decline in foreign exchange reserves. Separately, a foreign government's imposition of steep tariffs on certain imports and pharmaceutical exemptions has heightened export-sector risks. The situation raises potential regulatory and market-stability implications for monetary policy, capital controls and foreign-exchange management.