The Indian rupee slipped to an all-time low on Friday, as the threat of U.S. trade tariffs under President Donald Trump weighed on most Asian currencies, while the Reserve Bank of India likely stepped in to support the local unit,

The Indian rupee fell to an all-time low of 86.65 against the dollar, influenced by Trump’s intent to impose a U.S. trade tariff. The dollar index rose to 108.2 as most Asian currencies fell following Trump's announcement on Saturday to impose tariffs on Canada and Mexico,

The Indian rupee has hit an all-time low, trading at 86.65 per dollar today. The fall exceeds its previous lowest value of 86.6475, recorded earlier this month. The depreciation follows the possible US trade tariffs announced by President Donald Trump, causing most Asian currencies to falter.

The Indian rupee is expected to open weaker on Friday, possibly dipping to a lifetime low on U.S. President Donald Trump's tariff threat, while traders wait for the federal budget to be presented over the weekend.