Rupee Breaches Record Low of 90.42 Against U.S. Dollar Despite Fed Rate Cut
The Indian rupee tumbled to a new all-time low on Thursday, sliding to ₹90.42 per U.S. dollar, as persistent dollar demand in domestic markets overshadowed the temporary lift expected from the U.S. Federal Reserve’s latest rate cut. The currency was quoted around ₹90.42 at 1:45 pm, Reuters reported. Persistent …