Times of India · DistrictNews · 2026-08-31
Rupee falls 13 paise to 95.56 as crude rises, Fed hike bets strengthen dollar
On Monday, the Indian rupee began its trading session lower versus the US dollar. The decline was influenced by rising crude oil prices and increasing geopolitical tensions. Furthermore, the prospect of a Federal Reserve rate hike has strengthened the dollar. In response, the Reserve Bank of India is taking measures to stabilize the rupee, while domestic stocks face downward pressure from foreign investors offloading shares. Rupee started Monday on a weak note as higher crude oil prices and geopolitical tensions weighed down the currency, while growing expectations of a September US Fed rate hike boosted the dollar. Rupee opened at 95.56 against the US dollar at the interbank foreign exchange market, 13 paise lower than its previous close. Rupee falls 13 paise to 95.56 as crude rises, Fed hike bets strengthen dollar
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