<h1>Domestic currency hits record low against US dollar; central bank intervenes amid equity outflows, trade tensions, easing inflation</h1> The domestic currency weakened to a record low against the US dollar, driven by negative equity markets, global dollar strength and foreign fund outflows; the central bank reportedly intervened to limit the decline while lower crude prices and some capital inflows provided partial support. Market commentary noted fragile sentiment amid US-China trade tensions and ongoing bilateral trade negotiations with the United States, with officials continuing rounds of talks. Inflation and wholesale price measures eased, potentially reducing monetary pressure. Elevated foreign institutional selling and volatility in USD/INR raise ongoing regulatory and market-stability considerations under foreign exchange and central bank oversight.