Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms (opens original article in a new tab)

The Indian rupee closed flat against the USD amid mixed factors, including falling oil prices and anticipation of the Fed's policy decision.

• Indian rupee closed at 94.52 vs USD, down from a six-week high
• Brent crude prices fell below $80 per barrel, reducing pressure on India's oil imports
• Markets await Fed's policy decision for insights on 2026 rate expectations