# Rupee plunges to lifetime lows, breaches 88 mark against dollar as Trump's tariff pressure mounts - The Economic Times

> The rupee fell to a lifetime low of 88.24 against the dollar on August 29 as the 50% US tariff on Indian goods raised concerns. Analysts warned of a $55–60 billion economic hit to India from the tariffs.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/23604-rupee-plunges-to-lifetime-lows-breaches-88-mark-against-dollar-as-trump-s
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Expected losses to India's exports and growth weaken the rupee and could reduce Indian demand and export flows for agricultural goods. The currency move raises India's dollar import costs.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-08-29 | [Rupee tumbles past 88 vs USD to record low as tariff concerns mount - The Economic Times](https://feedsoft.ai/events/23605-rupee-tumbles-past-88-vs-usd-to-record-low-as-tariff-concerns-mount-the.md) | +0.5% | -2.4% |
| RICE | 2025-09-01 | [Rupee plunges to all-time low on steep US tariffs, logs 4th month of loss](https://feedsoft.ai/events/23600-rupee-plunges-to-all-time-low-on-steep-us-tariffs-logs-4th-month-of-loss.md) | -3.8% | -3.6% |
| RICE | 2019-08-22 | [Rupee slide pushes India rice rates to 7-week low, Vietnamese exports dip](https://feedsoft.ai/events/57671-rupee-slide-pushes-india-rice-rates-to-7-week-low-vietnamese-exports-dip.md) | +3.9% | +13.3% |
| RICE | 2024-11-08 | [India rice prices extend declines on rupee plunge](https://feedsoft.ai/events/27486-india-rice-prices-extend-declines-on-rupee-plunge.md) | +1.9% | +4.8% |
| RICE | 2026-02-18 | [Platts Thai 5% white rice at near one-month low; highest priced in Asia \| S&P Global](https://feedsoft.ai/events/12008-platts-thai-5-white-rice-at-near-one-month-low-highest-priced-in-asia-s-and-p.md) | -8.3% | +5.4% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/rupee-plunges-to-lifetime-lows-breaches-88-mark-against-dollar-as-trumps-tariff-pressure-mounts/articleshow/123582991.cms

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.