Monday , December 23 2024

New lifetime low at Rs 85.0850


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The Indian rupee today fell below the 85 level against the US dollar for the first time as the US Federal Reserve announced that further interest rate cuts in 2025 will depend on the inflation situation, as the dollar strengthened and foreign investors pulled out of the Indian stock market. Pulled the hand. New at Rs 85.0850 in intraday

Lifetime made a lower low and then ended the day down 0.1 percent at 85.07. However, due to RBI intervention, the rupee declined less against other Asian currencies. A decline of up to 1.2 percent was recorded in other Asian currencies today.