Rupee, open more powerful, US dollar, foreign exchange market, currency market
The Indian rupee opened at Rs 87.82 on Wednesday, September 17, with a rate of Rs 87.82 against the US dollar. After enjoying the 7 Pace astronomical session, Paise started at Rs 23 (Paise) and against the previous closing price was Rs 88.09.
This is the best start for the currency in the past two weeks of course. This is the first time the rupee has opened in two weeks below the 88 mark.
Analysts say the rupee could face resistance around 88.20. They said that despite the support of bilateral trade negotiations, a decisive break below 87.90 may open to 87.50 or 87.20.
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Meanwhile, the U.S. dollar index measures the strength of the six currencies of Green Guard, which trades at 96.73, up 0.11%. Emerging market currencies, including rupee, have received support as reports suggest the U.S. economy is on the verge of recession.
India-US Trade Negotiations:
Rediscussions between India and the United States between trade may increase sentiment around the rupee. Optimism about these negotiations helps strengthen the currency.
Read more: Stock Market Open Bell: Market Opening, Sensex is 82,641, Nifty in India – 25,316 after the talk in the United States
Fed party:
The U.S. Federal Reserve attended a two-day policy meeting on Tuesday, with widespread expectations for lower interest rates. This expectation weakens the dollar globally, supporting emerging market currencies such as rupee.
Recently, the U.S. job market has weakened sharply, with the unemployment rate rising to 4.3% in August 2025. Only 22,000 jobs were added in August, well below the expected 75,000 jobs. This slowdown in the U.S. job market has increased the likelihood that the U.S. Federal Reserve will lower interest rates.
Investors are closely watching the Fed’s policy meeting in anticipation of lower interest rates. This could affect global capital flows and currency value, making it a critical time for traders.
