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Indian rupee hits record low of 85 to the US dollar after Fed signals fewer rate cuts.
The Indian rupee has weakened to a record low of 85 rupees to the US dollar after the US Federal Reserve indicated fewer interest rate cuts in 2025, signaling a more hawkish stance.
This development has increased pressure on the rupee, pushing it past the 85 mark against the dollar.
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La rupia india alcanza un mínimo récord de 85 al dólar estadounidense después de que la Fed señale menos recortes de tasas.