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Rupee Dips 12 Paise to 95.74 Against US Dollar Amid Strong Greenback
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News18•23-09-2026, 16:00
Rupee Dips 12 Paise to 95.74 Against US Dollar Amid Strong Greenback
- •The rupee closed at 95.74 against the US dollar, falling 12 paise on Wednesday.
- •Broad strength of the American currency and a slight recovery in crude oil prices weighed on the rupee.
- •Hawkish comments from US Federal Reserve officials boosted the dollar, raising expectations of a 2026 rate hike.
- •Positive domestic markets provided some support to the rupee at lower levels, preventing a sharper decline.
- •Analysts expect the rupee to trade with a positive bias due to hopes of a diplomatic solution between the US and Iran and overall weakness in crude oil prices.
Key Questions Answered
The rupee declined due to the broad strength of the American currency, which was driven by hawkish comments from US Federal Reserve officials raising rate hike expectations, alongside a slight recovery in crude oil prices.
On the domestic equity front, the Sensex rose 299.17 points to settle at 74,828.25, while the Nifty closed 117.80 points higher at 23,446.80.
Analysts expect the USD-INR spot price to trade within a range of 95.50 to 95.95, supported by potential diplomatic solutions between the US and Iran and overall crude oil price trends.
