Rupee Slips 3 Paise, Closes At 90.64 Against US Dollar

The Indian rupee experienced a slight depreciation, closing at 90.64 against the US dollar, reflecting a 3 paise decline. Forex traders noted that the rupee traded within a limited range, influenced by a robust US dollar that constrained the potential for gains among emerging market currencies, including the rupee. The overall sentiment in the forex market remains cautious as investors navigate geopolitical tensions and economic indicators that could impact currency valuations. Analysts suggest that the rupee's performance will continue to be closely tied to movements in the dollar and broader global economic trends, emphasizing the need for vigilance among traders in the current climate. As the dollar remains strong, emerging markets, particularly in Asia, may face ongoing challenges in achieving significant currency appreciation against the greenback.