In one line — The Indian rupee fell 11 paise to 95.49 against the US dollar as market expectations for a Fed rate hike increased after hawkish comments from Fed Chair Kevin Warsh. Rising crude oil prices also put pressure on the rupee
Source: Mint · AI-summarised by Anadi · Updated 31 Aug 2026, 9:21 AM IST
The Indian rupee fell 11 paise to 95.49 against the US dollar as market expectations for a Fed rate hike increased after hawkish comments from Fed Chair Kevin Warsh. Rising crude oil prices also put pressure on the rupee, though Asian currencies reacted mildly.