On June 1, the Indian rupee opened slightly higher, trading at 94.97 per dollar, a modest gain of 3 paise from the previous close of 95. This increase occurred despite a backdrop of rising oil prices due to stalled peace talks between the U.S. and Iran, which are anticipated to impact market sentiment. Analysts from CR Forex Advisors have noted that the 95.50–95.75 range serves as a significant resistance level for the USDINR. If crude oil prices remain stable and global risk sentiment improves, the rupee may gradually appreciate towards the 94.00–94.50 range in the near future. In contrast, most Asian currencies experienced declines against the U.S. dollar, with the South Korean Won suffering the most significant loss of 0.611%. Other currencies, such as the Indonesian Rupiah and Thai Baht, also weakened, while the Chinese Renminbi was a rare exception, gaining 0.140% against the dollar. This mixed performance highlights the ongoing volatility in currency markets influenced by geopolitical developments and economic indicators.