{
  "id": 8010440,
  "title": "Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impact",
  "url": "https://urgent.news/2026/09/17/rupee-ends-flat-as-rbi-intervention-portfolio-flows-blunt-fed-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T10:32:23.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/rupee-ends-flat-as-rbi-intervention-portfolio-flows-blunt-fed-hike-impact/article71476174.ece"
  },
  "original_language": "en",
  "account": "The Indian rupee finished at a flat rate on Thursday, defying losses seen in most other regional currencies. The central bank's intervention and inflows possibly tied to global equity index rebalancing may have helped mitigate the effect of the US interest rate hike. The rupee closed at 95.93 against the US dollar, showing little change from Wednesday's level of 95.9550. It had initially slipped below the 96-dollar mark early in the trading day. An FX salesperson at a foreign bank noted that the rupee's price action suggests the central bank is not comfortable with the currency falling below 96, making 96 a potential support level in the short term. Asian currencies experienced a slight decline of 0.1% to 0.6% each after the Federal Reserve raised interest rates and affirmed its commitment to fighting inflation, pushing short-term US yields to their highest level in over two years. The dollar index remained above the 100 mark after gaining nearly 0.7% in the previous session. ING, a financial firm, said the dollar could find a stronger support as the Fed raised rates and indicated another hike could occur by the end of the year. As long as oil prices remain stable, the bullish momentum in the US dollar is hard to argue against, ING added. Brent crude oil prices dropped about 1% to $104.8 after additional Saudi crude shipments via Oman reduced supply worries, even though tension in the Middle East continued. The Reserve Bank of India might have also engaged in dollar-rupee sell/buy swaps to reduce excess rupee liquidity in the banking system. The central bank's open market debt sale, aimed at the same objective, absorbed cash from the banking system, equivalent to around 0.2% of total deposits on Thursday.",
  "summary": "The rupee closed at 95.93 against the dollar, barely changed from Wednesday’s close at 95.9550",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Indian bonds seen declining as Fed hike could pressure RBI to mirror move",
        "url": "https://urgent.news/2026/09/17/indian-bonds-seen-declining-as-fed-hike-could-pressure-rbi-to-mirror",
        "published": "2026-09-17T07:26:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}