Rupee breaches 85/$ for 1st time on Fed’s comment of fewer rate cuts in future – Times of India
[ad_1] MUMBAI: The rupee breached the 85 level for the first time on Thursday as the dollar gained ground across most currencies in the wake of the US Federal Reserve indicating that there would be fewer rate cuts in future than expected.In percentage terms, rupee decline was marginal, dipping from 84.95 on Wednesday. However, with…