<ul><li>The Indian rupee tumbled 12 paise to close at a new record low of 85.27 against the US dollar.</li><li>Increased month-end and year-end dollar demand, along with fears of aggressive import tariffs by the Trump administration, lifted the American currency.</li><li>The rupee opened weak at 85.23 and touched its lowest-ever level of 85.28 during intraday trade before closing at 85.27.</li><li>Factors such as strong dollar, rising US treasury yields, surge in crude oil prices, and FII outflows are expected to weigh on the rupee.</li></ul>

Rupee tumbles 12 paise to close at new record low of 85.27 against US dollar

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