Rupee crashes 19 paise to settle at all-time low of 85.13 per US dollar
The Free Press Journal - Indore|December 20, 2024
Forex traders said the INR breached the 85-mark for the first time and fell to a new record low as the US Fed adjusted its projections for 2025
PTI

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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