Mumbai, Feb. 4 -- The Rupee plunged 55 paise to close at an all-time low of 87.17 (provisional) against the US Dollar on Monday, as global market sentiments were impacted after the Trump administration slapped tariffs on Canada, Mexico and China. Forex traders said the Indian rupee touched a fresh all-time low on a surge in the US Dollar index and weak global markets after Trump Tariffs on Canada Mexico, and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty.
At the interbank foreign exchange, the Rupee opened on a weak note at 87.00 and touched an intraday low of 87.29 against the American currency during the session. The local unit finally settled a...