The Indian rupee depreciated marginally to close at 95.70 against the US dollar, reflecting mild pressure from global currency movements and foreign capital outflows. Traders noted that the rupee weakened slightly during the session before settling at this level.
Market analysts attributed the dip to stronger demand for the US dollar amid global uncertainty and cautious investor sentiment. However, they emphasized that the movement was limited, with the rupee maintaining relative stability compared to recent volatility.
Experts believe the Reserve Bank of India may continue monitoring currency trends closely, ensuring liquidity support to prevent sharp fluctuations. The marginal depreciation is unlikely to significantly impact trade flows but signals ongoing sensitivity to external economic factors.
