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INR hits all-time low, breaches 85 mark against USD
The New Indian Express Madurai
|December 20, 2024
Indian currency falls as US Federal Reserve scaled back rate cut projections for 2025
THE rupee plunged below the sensitive 85 mark for the first time ever and closed 13 paise down at 85.07, after hitting a low of 85.085 intra-day on Thursday as the US Federal Reserve scaled back its rate cut projections for 2025, battering all Asian currencies and leading to a rally in the greenback.
This story is from the December 20, 2024 edition of The New Indian Express Madurai.
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