Rupee opens 13 paise lower at 94.66 against US dollar (opens original article in a new tab)

Indian rupee opened 13 paise lower against US dollar as US Federal Reserve showed more aggressive stance on interest rates

• Indian rupee opened 13 paise lower at 94.66 against US dollar on 18 June
• US Federal Reserve adopted more aggressive stance with 9 of 18 policymakers projecting at least 1 rate increase in 2026
• Goldman Sachs noted Fed's core PCE inflation forecast for 2027 was revised to 2.5%
• Fed's updated projections increased likelihood of further policy tightening later this year