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fxJun 24, 2026, 5:28 AM

Indian Rupee Slides Further as Hawkish Fed Bets Strengthen

The Indian Rupee opened lower against the US Dollar on Wednesday, with the USD/INR pair extending gains as expectations of a hawkish Federal Reserve policy remain firm.

USDINR

The Indian Rupee (INR) depreciated further against the US Dollar (USD) during Wednesday's Asian session, as the USD/INR pair rose to near an elevated level. The move extends the recent downtrend for the rupee.

The decline is attributed to sustained expectations that the Federal Reserve will maintain a hawkish stance, which supports the US Dollar broadly. Traders are now watching for further cues from upcoming US economic data and Fed commentary.

Source: FXStreet Forex News