Mumbai, June 2: The Indian rupee registered a mild gain, closing at 94.99 against the US dollar. The appreciation was modest but welcomed by traders, who pointed to easing demand for the dollar and steady foreign inflows as supportive factors during the session.
Market watchers said the move reflects improved sentiment in currency trading, even as global uncertainties continue to weigh on the broader outlook. The rupee’s stability is seen as crucial for trade flows and investor confidence, especially amid fluctuating international markets.
Experts noted that the Reserve Bank of India is expected to keep a close watch on currency movements, ensuring liquidity support to prevent sharp swings. The slight appreciation, though small, signals resilience in India’s forex market.
