The Indian rupee fell below 86 to the U.S. dollar for the first time on Monday, following a strong U.S. jobs report that reinforced expectations that the Federal Reserve will not significantly cut rates this year. The rupee opened at a record low of 86.2050, down from 85.9650 on Friday. U.S. employers added more jobs than anticipated in December, fueling expectations that the Fed will keep borrowing costs steady for the time being.
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