Rupee Strengthens to 94.49 Against US Dollar Amid Foreign Inflows
The Indian rupee appreciated by 2 paise to close at 94.49 against the US dollar on September 4, driven by optimism over rising foreign inflows and a rise in risk appetite.
Forex traders believe the rupee is set to strengthen due to robust foreign capital inflows and active RBI intervention.
Rising crude oil prices and escalating U.S.-Iran geopolitical tensions may cap these upside gains, according to traders.