Due to concerns over the impact of US tariffs, the Indian rupee has fallen to record levels.

Jin10 data, August 29 - Due to concerns about the impact of 50% tariffs from the United States on India’s economic growth and corporate earnings, the Indian Rupee has fallen to a record low against the US dollar, at 87.9763, breaking the historical low of 87.9563 set in February. Under pressure from continued foreign capital withdrawal from the local stock market, the Rupee is the worst-performing currency in Asia this year. With new tariffs on export-intensive industries such as textiles, footwear, and jewelry taking effect this week, the Indian currency is under pressure. Citigroup estimates that the tariffs could reduce India’s annual growth rate by 0.6-0.8 percentage points.