Mumbai, June 2: The Indian rupee appreciated marginally to close at 94.99 against the US dollar, reflecting a slight recovery in the currency markets. Traders noted that the rupee gained strength during the session on the back of easing dollar demand and supportive inflows.
Market analysts said the appreciation was modest but significant, given recent volatility. They attributed the move to improved investor sentiment and steady foreign capital inflows, while cautioning that global uncertainties continue to weigh on the broader outlook.
Experts believe the Reserve Bank of India will keep monitoring currency trends closely, ensuring liquidity support to prevent sharp fluctuations. The rupee’s stability is seen as important for trade flows and overall market confidence.
