New Delhi, June 19 -- The rupee opened marginally lower by 2 paise at 94.35 against the US dollar on Friday, 19 June, as improving domestic flows and sentiment helped cushion the impact of a stronger dollar following the US Federal Reserve's hawkish stance.

Market participants noted that capital flows have turned increasingly supportive for the Indian currency in recent sessions. Strong inflows into domestic debt markets, easing foreign portfolio outflows from equities and balanced participation from importers and exporters have contributed to improved demand-supply dynamics in the forex market.

Bankers indicated that while importer hedging activity remains elevated, the market has witnessed a noticeable shift away from the one-sided do...