Rupee hits record low of 88.67 against Dollar, Gold at all

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.The weakness in the Indian rupee continued on Tuesday, with the currency touching a record low of 88.67 per U.S. dollar at the time of filing this report. The pressure on the rupee came amid concerns over U.S. tariffs and jitters surrounding H1B visa rules.

K N Dey, a currency expert, told ANI that the rupee breached its lifetime low of 88.47/USD recorded on September 11 in the morning session.

“There were some FII’s buying yesterday, later part of trading hours, and today it’s month/ half year end outflows by general importers. Also, some export forward contract cancellations are reported. Next 2/3 days’ volatility may continue, but the Rupee’s further weakness may not be much,” Dey noted.

He added that volatility could continue over the next two to three days, but the r