Currency Check: Rupee opens 16 paise lower as hawkish Fed boosts rate hike bets
The Indian Rupee kicked off Thursday's trading session down 16 paise against the US Dollar, a direct fallout from a decidedly hawkish tilt by the US Federal Reserve, which has intensified market expectations for future rate hikes. This currency depreciation occurred despite the Fed holding its key interest rate steady at 3.5%-3.75% on Wednesday, a pause maintained since December 2025, but the tone from the first policy meeting chaired by newly appointed Fed leader Kevin Warsh signaled a renewed commitment to taming persistent inflation.
















