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Indian rupee hits record low of 85 to US dollar as Fed signals fewer rate cuts in 2025.
The Indian rupee has weakened to a record low of 85 rupees to the US dollar after the US Federal Reserve indicated it will make fewer interest rate cuts in 2025 than previously anticipated.
This development has intensified the bearish sentiment towards the rupee.
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La rupia india alcanza un récord bajo de 85 a dólar estadounidense, ya que la Fed señala menos recortes de tasas en 2025.