The Indian rupee weakened amid US-India trade tensions, with RBI intervention preventing a breach of the 88-per-dollar mark.

• INR fell to 87.8850 vs USD, close to its 87.95 record low, before stabilizing on central bank intervention.
• Tensions rose after President Trump hiked tariffs and criticized India’s Russian oil trade; India vowed retaliation.
• Traders fear that continued foreign outflows, importers' dollar demand, and global cues may push the INR toward 88.50 soon.