The rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar on Thursday, as a hawkish stance from the US Federal Reserve sparked a broad dollar rally.
Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low as the US Federal Reserve adjusted its projections for 2025, signaling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.
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Denne historien er fra December 20, 2024-utgaven av The Free Press Journal - Indore.
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