A firmer USD, ongoing Foreign Institutional Investors (FIIs) outflows, and downbeat Indian economic data weigh on the INR.

The Indian rupee hit a record low during early trade on February 3, falling to over 87 against the US dollar, compared to its previous close of 86.6162. This decline came in the wake of a surge in the dollar index,

The Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country's three biggest trade partners, stoking fears of a trade war that rattled global financial markets.

Dubai: The Indian rupee has slumped to a new low against the dirham, at 23.7, after the Asian currency and stock markets weighed what would happen as US tariffs take effect. It was just a fortnight ago - January 14 - that the INR came up to its lowest point,