Rupee Opens 5 Paise Lower At 92.42 Against U.S. Dollar Ahead Of Fed Decision

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Last Updated: 18th March 2026 - 03:43 pm

Summary:

The rupee opened 5 paise lower at 92.42 against the U.S. dollar on March 18, trading close to its record low of 92.48 ahead of the U.S. Federal Reserve policy decision.

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The Indian rupee opened 5 paise lower at 92.42 against the U.S. dollar on March 18, 2026, remaining near its record low levels ahead of the U.S. Federal Reserve’s monetary policy decision.

Rupee Near Record Low Levels

The domestic currency had closed at 92.37 in the previous session on March 17. During the session, it had weakened to 92.48, which is among its lowest recorded levels.

The movement in the rupee comes as market participants await the outcome of the U.S. Federal Open Market Committee meeting.

RBI Monitoring Currency Movements

The Reserve Bank of India is monitoring the movement of the rupee in the foreign exchange market. The central bank has been active in managing the currency’s volatility, according to market participants.

Crude Oil Prices And Dollar Demand

The crude oil prices of Brent crude oil are still above $100 per barrel, putting pressure on the rupee. The country depends on crude oil imports to fulfill its crude oil demand.

Corporate demand for the U.S. dollar has also contributed to pressure on the domestic currency in recent sessions.

Focus On U.S. Fed Decision

The U.S. Federal Reserve’s policy decision remains in focus. The Federal Open Market Committee is expected to announce their interest rate policy, which is currently at 3.50%-3.75%.

The rupee is trading at a near-record level. Market activities are influenced by global markets as well as the outcome of the United States monetary policy.

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