Rupee opens at 94.46/$, extends gains as Brent slips below $80
The Indian Rupee (INR) has demonstrated a notable recovery, opening at 94.46 against the US Dollar (USD) today and extending gains from a recent low of 94.60, as Brent crude oil prices slipped below the critical $80 per barrel mark. This appreciation, a 31 paise gain from its Tuesday close, comes amid heightened anticipation for the US Federal Reserve's policy announcement later today, where the central bank is widely expected to hold interest rates steady following its two-day meeting. The Rupee's rebound signals a cautious optimism in global markets, driven primarily by easing energy costs and strategic interventions by the Reserve Bank of India.
















