The INR weakens marginally against the USD as overnight dollar strength drives the pair to near 95.35 levels.
The Indian Rupee (INR) opened marginally lower against the US Dollar (USD) on Thursday, pressured by overnight gains in the greenback. The USD/INR pair climbed to near 95.35 after a corrective move the previous day, reflecting broader dollar strength.
The move follows concerns over prolonged global energy supply disruptions, which have bolstered demand for the USD as a safe-haven asset. The rupee’s slight decline comes after a period of relative stability, with traders monitoring external factors for further direction.
No immediate market reaction was reported beyond the initial price movement.