The rupee rebounded 13 paise to 86.98 against the US dollar after Trump paused tariffs on Mexico and Canada. On Monday, the rupee hit a record low of 87.11. The dollar index also fell, and Brent crude decreased to USD 75.

The Indian rupee recovered 13 paise against the US dollar on Tuesday after President Trump agreed to pause tariffs on Mexico and Canada. The currency had reached an all-time low on Monday.

The Indian rupee breached the 87 per dollar mark for the first time today, a steep fall from its previous close of 86.61/$ on January 31. The depreciation can largely be blamed on rising global trade tensions, sparked by new tariffs imposed by US President Donald Trump on imports from Mexico, Canada, and China.

The Indian rupee weakened past 87 per U.S. dollar for the first time on Monday, as Asian currencies slumped after U.S. President Donald Trump imposed tariffs on the country's largest trading partners,

The Indian rupee fell beyond 87 against the U.S. dollar for the first time on Monday, following a decline in Asian currencies and stock markets after U.S. President Donald Trump’s tariff threats materialized.

The Indian rupee has hit an all-time low, trading at 86.65 per dollar today. The fall exceeds its previous lowest value of 86.6475, recorded earlier this month. The depreciation follows the possible US trade tariffs announced by President Donald Trump, causing most Asian currencies to falter.

The dollar index was up 0.3% at 109.8, while Asian currencies weakened, with the offshore Chinese yuan down 0.5% at 7.35 per US dollar.