Indian Rupee hits record low of 85.07/USD as US Fed signals less rate cuts in 2025
New Delhi [India], December 19 (ANI): The Indian Rupee fell to an all-time low of 85.07 (at the time of filing this report) against the U.S. dollar on Thursday as the greenback gained strength following the Federal Reserve's indication of fewer rate cuts in 2025.
The Fed's revised stance has dampened expectations for aggressive monetary easing, further pressuring emerging market currencies, including the Rupee.
Akshay Chi