The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities and diplomatic efforts, the rupee faces headwinds from a stronger dollar and importer demand. Post navigation ’Not far apart on tariff deal’: Trump’s India ambassador nominee says issues to be resolved ‘in weeks’; calls India a strategic partner Infosys share buy back: IT giant announces its largest-ever Rs 18,000 crore share buyback; 19% premium for shareholders
