New Delhi, Sept. 17 -- The rupee opened 3 paise lower at 96 against the US dollar on Thursday, 17 September, after the US Federal Reserve raised interest rates and indicated that another hike could follow.

The Fed raised its policy rate by 25 basis points on Wednesday, marking its first rate increase since 2023. Policymakers also signalled the possibility of one more hike this year. The move lifted the dollar index above 100 to its highest level in more than a month.

Asian currencies weakened on Thursday, while regional equities traded mixed as investors assessed the impact of higher global borrowing costs. The Fed's rate increase comes after a hike in Europe last week and ahead of an expected increase in Japan on Friday, as central ban...