Forex
Rupee Opens Higher Ahead of Fed Rate Decision Amid Oil Price Pressure
The Indian rupee opened at 95.89 per dollar on September 16, showing a slight improvement of 7 paise compared to its previous close of 95.96.
This comes as investors await the Federal Reserve's rate decision later in the day, which is expected to be a key driver of market sentiment amid elevated oil prices.
The dollar index was trading at 99.70, while Brent crude hovered around $108.15 per barrel, keeping pressure on the rupee due to continued oil price volatility.