The Indian rupee opened at a record low on Monday, breaching 87 per US dollar for the first time, as Asian currencies slumped amid a surge in US dollar after US President Donald Trump imposed tariffs on the country’s largest trading partners.

The rupee dropped 0.5% to a low of 87.07 per dollar in early trade, as against its previous close of 86.61/USD.

The dollar index was up 0.3% at 109.8, while Asian currencies weakened, with the offshore Chinese yuan down 0.5% at 7.35 per US dollar, Reuters reported.

Over the weekend, Donald Trump imposed 25% tariffs on Mexican and most Canadian imports, and 10% on goods from China, starting on Tuesday.

On the domestic front, the Indian stock market opened sharply lower on Monday, dragged by weak global market cues.

The Sensex was trading 439.36 points, or 0.57%, lower at 77,066.60, while the Nifty 50 was down 152.15 points, or 0.65%, at 23,330.00.