Dollar gains as US Fed's rate-cut rethink fuels best year since 2015

Quick Summary:

Rupee falls 10 paise to hit new record low of 85.Sold net $9.

That’s the most bullish positioning toward the US currency since April.

That’s given investors an incentive to shift cash to the US, which has pushed up the currency.

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Article Details

Category: BusinessFinance

Markets: IndiaJapanNew Zealand

Topics: World economy Dollar value US Fed meeting Bitcoin value

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 21:56:37 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24786592

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Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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