Rupee remains under pressure, touches new low of 85.12 per dollar

Quick Summary:

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.

The Federal Reserve cut interest rates by 25 basis points while maintaining a hawkish stance, signalling expectations of rising inflation.

Home / Economy / News / Rupee remains under pressure, touches new low of 85.

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Category: BusinessFinance

Markets: India

Topics: Rupee depreciation updates Reserve Bank of India Rupee under pressure news US Dollar Indian rupee Rupee vs dollar Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 19:30:35 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24598380

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Official Website: business-standard.com

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