Rupee hits record low as traders assess Fed outlook
pre-market1 source ↓written by the desknot a recommendation
Most Asian currencies remained steady as traders evaluated the Federal Reserve’s outlook following its recent rate cut. The Indian rupee fell to a record low of ₹90.55 against the dollar, pressured by foreign portfolio outflows and heavy dollar buying by corporates. This trend may impact trading sentiment in the forex market.
Not investment advice. For informational purposes only.