Economy
Rupee Opens 3 Paise Lower at 96 Per US Dollar Following Fed Rate Hike
Livemint2h
THE BRIEF
1
The Indian rupee opened 3 paise lower at 96 against the US dollar on Thursday after the US Federal Reserve raised interest rates by 25 basis points.
2
Foreign portfolio investors withdrew approximately ₹29,679 crore from Indian equities in the first half of September, adding downward pressure on the currency.
3
Brent crude continued to trade above $100 a barrel, raising import bill and inflation concerns for India alongside potential risks from proposed US tariffs.