18 Sep 2025 | 3 Mins Read
Rupee dips 16 paise to 87.97 against dollar
Flipitmoney
The rupee opened 16 paise down at 87.96 against the dollar on September 18, following a surge in the dollar index due to mixed US Federal Reserve signals. The Fed cut benchmark interest rates by 25 basis points to 4.00-4.25 percent in its first reduction since December 2024, with 11-1 voting in favor and new governor Stephen Miran dissenting.