The rupee was rising at the start but failed to maintain the momentum as it slipped 3 paise lower at 88.12 (provisional) against the USD on September 3, 2025. The fall is attributable to foreign portfolio outflows and global trade tensions. According to forex traders, the rupee felt the pressure due to worries concerning US tariffs on India and global trade uncertainties. The rupee, which opened at 87.98 against the USD at the interbank foreign exchange, fell to an intraday low of 88.19 before finishing at 88.12.