New Delhi, June 18 -- The Indian rupee opened 13 paise weaker at 94.66 against the US dollar on Thursday, 18 June, after the US Federal Reserve delivered a hawkish surprise, strengthening expectations of a possible interest rate hike later this year.

At its latest policy meeting, Fed officials adopted a more aggressive stance than markets had anticipated, with 9 of 18 policymakers projecting at least 1 rate increase in 2026. This was significantly higher than market expectations, with Goldman Sachs previously estimating that only around three members would signal the need for further tightening.

According to a Reuters report, Goldman Sachs also highlighted concerns around the Fed's inflation outlook. The central bank's median forecast f...