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Rupee Drops 21 Paise to 94.66 Against Dollar as Fed Stays Hawkish
Times of India·Thursday, 18 June 2026
The Indian rupee fell 21 paise to 94.66 against the US dollar on Thursday. The drop was driven by the US Federal Reserve's hawkish stance and a strengthening dollar index. Asian currencies broadly declined alongside the rupee.
Why It Matters
A weaker rupee makes imports — including fuel, electronics, and edible oils — more expensive, which can push up prices for everyday goods.
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