Indian rupee hits record low: The Indian rupee held steady near

The Indian rupee held steady near its record low on Monday, with the central bank's likely intervention preventing a sharper fall. Importer demand and a strong dollar continue to pressure the currency. Traders anticipate continued mild pressure, with the rupee expected to trade between 88.50 and 89.10 amid global dollar strength and anticipation of trade deal progress. Indian rupee has hit a new record low on September 30 before ending 2 paise down amid persistent selling by foreign investors from equities and caution ahead of the Reserve Bank of... The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks. The rupee was last at 88.76 per U.S. dollar, nearly flat versus its closing level in the previous session and within touching distance of its all-time low of 88.80 hit in late-September.