Rupee opens 1 paise lower at 94.69 against US dollar (opens original article in a new tab)

The Indian rupee opened 1 paise lower at 94.69 against the US dollar on 23 June, influenced by shifting market focus from oil prices to potential US Federal Reserve rate hikes. Softer oil prices and progress in US-Iran negotiations eased supply concerns, with Brent crude below $80 per barrel.

• Indian rupee opened 1 paise lower at 94.69 against the US dollar on 23 June.
• Market focus shifted from oil prices to expectations of a US Federal Reserve rate hike in September, impacting Asian currencies.
• Softer oil prices and progress in US-Iran negotiations eased supply concerns, with Brent crude below $80 per barrel.