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Indian Rupee drops to 88.30 vs US Dollar, impacted by trade tariffs and investment outflows.
The Indian Rupee fell to 88.30 against the US Dollar on Monday, influenced by US trade tariffs, foreign investment outflows, and expectations of a US interest rate cut.
The Rupee's decline was partially cushioned by the Reserve Bank of India.
Market focus is on the upcoming Federal Reserve decision, which could impact the dollar’s strength.
Trade tensions with the US continue to affect investor sentiment towards India.
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La rupia india cae a 88.30 frente al dólar estadounidense, afectada por los aranceles comerciales y las salidas de inversión.