Rupee breaches ₹96 per dollar as Fed rate hike boosts dollar
after close1 source ↓written by the desknot a recommendation
- rate hike
- 25 basis points
- drop since 4
- 1.4%
- at 100.07
- 0.10%
The rupee weakened to ₹96.10 against the US dollar, marking its first breach of the ₹96 level since 24 July. This decline follows the US Federal Reserve's 25 basis points rate hike, contributing to a 1.4% drop since 4 September. Elevated crude oil prices further pressure the Indian currency.
• Rupee opened at ₹95.88, down 19 paise from previous close
• Dollar index up 0.10% at 100.07
• Rupee declines for seventh consecutive session
Not investment advice. For informational purposes only.