RBI Sells Dollars to Defend Rupee at Record Low Amid Trump’s Trade Tariff Threats

Unknown Apr 02, 2026 50 Views

The Indian rupee plunged to a historic low of 87.9250 per US dollar on February 10, 2025, as markets reacted to former US President Donald Trump’s proposed 25% tariffs on steel and aluminum imports. The Reserve Bank of India (RBI) intervened aggressively, selling dollars via state-run b...

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