Mumbai, Feb. 3 -- Indian rupee fell to a record low of 87.29 per dollar on Monday, weighed down by concerns over trade tariffs imposed by US President Donald Trump and global market uncertainties.

The rupee has already depreciated more than 1.5 per cent this year, and the latest decline is seen as a reaction to tariff measures imposed by the US government.

The rupee opened with a sharp gap-down of 43 paise and touched a low of 87.29 before recovering slightly to 87.13 following the Reserve Bank of India (RBI) intervention. Analysts believe this sharp fall is primarily due to the tariff war initiated by the US against Canada, Mexico, and China.

KN Dey, currency expert told ANI that "Rupee opened with a gap of 43 paisa which was one of t...