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( As on 06/02/2025 16:15)

Rupee plunges 14 paise to close at record low of 87.57 against US dollar

Rupee plunged 14 paise to close at an all-time low of 87.57 (provisional) against the US dollar on Thursday, as rising odds of a rate cut by the Reserve Bank of India in its monetary policy meeting on Friday pressurised the rupee.

Forex traders said the Indian rupee plunged to fresh record lows amid weak domestic markets and importer demand for dollars.

Moreover, risk aversion in global markets amid ongoing uncertainty over US trade tariffs may further weigh on the rupee.