Rupee Slumps to 85 Against Dollar as US Fed Signals Fewer Rate Cuts
Rupee Slumps: The Indian rupee has hit a new low against the US dollar, breaching the 85 mark for the first time, following the Federal Reserve’s (Fed) latest policy statement. The US central bank hinted at fewer interest rate cuts in 2025 than previously anticipated, sparking a sell-off in emerging market currencies, including the rupee. … Read more