The US Federal Reserve announced it has reduced its benchmark interest rates for the third consecutive time in a bid to stimulate the US economy. The global financial reaction was swift, with the Indian Rupee (INR) immediately dipping to a record low of ₹90.42 against the US Dollar (USD) on the news. This movement highlights the significant impact of US monetary policy decisions on international currency markets, particularly in emerging economies.
Indian Rupee Dips to Record Low of ₹90.42/$ Following Fed Rate Decision
