Rupee edges higher against dollar but gains capped by hedging demand
The rupee opened at 93.28 per US dollar on Thursday (April 16), compared with the previous close of 93.37, marking a marginal gain of 9 paise in early trade. However, gains remained limited as persistent dollar demand from importers and companies with overseas borrowings offset optimism around a potential Iran ceasefire. Currency traders said intraday…
