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INR hits all-time low, breaches 85 mark against USD

The New Indian Express Hyderabad

|

December 20, 2024

Indian currency slips 13 paise on Thursday as US Fed scales back rate cut in 2025

- BENN KOCHUVEEDAN @Mumbai

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.

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