Rupee Falls 5 Paise To Record Low As US Fed Cuts Interest Rates

The Indian rupee hit an all-time low of 84.37 against the US dollar in early trade on Friday, pressured by persistent foreign fund outflows and a weak domestic equity market. Forex traders noted that the US Federal Reserve's recent interest rate cut and global market volatility, influenced by Donald Trump's policies, may add further uncertainty. The rupee's trajectory could remain volatile, with the RBI expected to manage a range between 83.80 and 84.50.