# Rupee tumbles past 88 vs USD to record low as tariff concerns mount - The Economic Times

> The Indian rupee dropped past 88 per dollar for the first time on August 29, reaching 88.24 and breaching its prior lifetime low of 87.95. The move followed an additional 25% US tariff that doubled India's total duties to 50%.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/23605-rupee-tumbles-past-88-vs-usd-to-record-low-as-tariff-concerns-mount-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tariffs cutting into exports add pressure on India's trade balance and the rupee. A weaker rupee raises the dollar cost of Indian imports while tariffs reduce Indian export demand.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-08-29 | [Rupee plunges to lifetime lows, breaches 88 mark against dollar as Trump's tariff pressure mounts - The Economic Times](https://feedsoft.ai/events/23604-rupee-plunges-to-lifetime-lows-breaches-88-mark-against-dollar-as-trump-s.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 | 2025-02-19 | [How the falling rupee is lowering Indian food prices for UAE shoppers](https://feedsoft.ai/events/26013-how-the-falling-rupee-is-lowering-indian-food-prices-for-uae-shoppers.md) | -4.0% | -3.4% |
| RICE | 2026-03-04 | [FAO Food Price Index rises in March as Near East conflict raises energy costs](https://feedsoft.ai/events/12573-fao-food-price-index-rises-in-march-as-near-east-conflict-raises-energy-costs.md) | +3.1% | +7.5% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/rupee-sinks-to-lifetime-low-of-87-96-vs-dollar-amid-tariff-concerns/articleshow/123580397.cms

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