19-Dec-2024 12:27 PM
3853
Mumbai, Dec 19 (Reporter) The Rupee on Thursday for the first time crossed 85, to open at 85.06, sliding 11 paise against the USD in early trade on rising demand for US dollars by bankers and exporters, dealers at the Forex Market said.
The domestic unit continued to free fall today after the US Federal Reserve slashed its interest rates by 25 basis points for the third time in a row.
Slowing economic growth and weak investment inflow also impacted the same, dealers informed.
The rupee dropped due to a strong dollar against other world currencies, dealers said.
The rupee recorded intraday highs and lows at 84.99 and 85.07, respectively, the dealer added...////...