Mumbai: US President Donald Trump 's decision to impose 25 percent import tariffs on Canada, Mexico and China and the countries' retaliatory measures could lead to a possible trade war on a global level.

The Indian rupee weakened past 87 to the U.S. dollar for the first time ever on Monday in the wake of a slump in Asian currencies and equities after U.S. President Donald Trump's tariff threats became a reality.

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 has hit a new low. The Rupee collapsed to over 87 against the US dollar. This comes after the Union Budget 2025, which was presented on February 1. Indian Rupee Slips Further In addition,

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 rupee fell by 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday, February 3, 2025, a day after US President Donald Trump's tariffs on Canada, Mexico and China that triggered fears of a broad trade war.