Market News
Rupee hits lifetime low as dollar's bounce hurts Asian currencies - REUTERS
MUMBAI, Jan 8 (Reuters) - The Indian rupee dropped to an all-time low on Wednesday, pressured by a resumption of the dollar's uptrend after data pointed to a resilient U.S. economy, reinforcing bets that the Federal Reserve won't be in a rush to cut policy rates.
The rupee fell to a record low of 85.8425 per U.S. dollar, down from 85.7125 in the previous session and inching past its prior all-time low of 85.84 hit on Monday.
