Indian rupee edges lower as dollar firms; USD/INR near 95.35
The Indian rupee opened slightly weaker on Thursday as the US dollar held firm, with USD/INR edging up toward 95.35 after a corrective move the previous day.
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The Indian rupee opened cautiously lower against the US dollar on Thursday, with USD/INR edging up toward 95.35. The move follows a corrective decline in the pair the previous day.
Overnight strength in the dollar supported the pair, while fears of a prolonged global energy supply disruption added to the firmer dollar tone.
Markets are watching whether the rupee can stabilize after this modest opening weakness.
Source: FXStreet Forex News