The rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday. The pace of the rupee’s depreciation has accelerated recently, with the fall from Rs 84 to Rs 85 ...
The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier.
Following Wednesday's cut, the Fed’s benchmark interest rate stands at 4.3%. Despite the reduction, policymakers indicated a slower pace of cuts next year. The Fed projects just two quarter-point ...