Indian Rupee Falls to Record Low as Fed Weighs on Asia Sentiment.

The Indian rupee has reached a record low of 85 per dollar, following a trend of weakening Asian currencies due to the Federal Reserve's hawkish stance. Factors contributing to this decline include outflows from bonds and stocks, a weakening yuan, and a growing trade deficit. The Reserve Bank of India has lowered the country's growth projection for the year, prompting calls for rate cuts to stimulate the economy. [Extracted from the article]