Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad
2024-12-19 10:42:47
Early trading saw the rupee drop 12 paise to its lowest point ever, 85.06 against the US dollar.
Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.
The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday (December 19, 2024), as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally.
