The US Federal Reserve has cut interest rates but suggested it would make fewer rate cuts than expected in 2025 amid questions over its fight to bring down inflation across the world’s largest economy. In another development, Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities. The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. Watch The World Report for the latest updates.
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