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Rupee falls 19 paise to all-time low of 85.13 against US dollar
Millennium Post Delhi
|December 20, 2024
Meanwhile, the dollar index, which gauges the greenback's strength against basket of six currencies, was trading lower by 0.13% at 107.88
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MUMBAI: 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, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.
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