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INR falls below 86 for the first time against the Dollar: analysts share why it may cross 90

Invezz Monday, 13 January 2025
INR falls below 86 for the first time against the Dollar: analysts share why it may cross 90The Indian Rupee (INR) plunged to an all-time low of 86.2050 against the US dollar on Monday, breaching the 86 mark for the first time in its history. The depreciation comes after robust US jobs data reignited expectations that the Federal Reserve would limit rate cuts in 2025, putting additional pressure on emerging market currencies. […]
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