The Indian rupee rebounded 0.3% after RBI intervention and short covering halted a 12-session losing streak.

• RBI likely intervened in spot and forward markets to defend the rupee from breaching record lows post US tariff hike.
• Traders exited short positions, helping the rupee strengthen to 87.30 after touching 87.74 — close to an all-time low.
• Foreign outflows and weak sentiment persist; Asian currencies, led by the Korean won, declined amid global risk aversion.