New Delhi, April 16 -- The Indian rupee opened 9 paise higher at 93.28 against the US dollar on Thursday, April 16, as optimism around a potential Iran ceasefire offered support, though gains were capped by persistent dollar demand from importers and companies with overseas borrowings.

After a recent rally driven by measures from the central bank, the rupee has largely stabilised around the 93 level, with intraday movements in recent sessions remaining limited to a narrow 30-35 paisa range and openings generally subdued.

Analysts indicate that hopes for a prolonged truce between the US and Iran have diminished fears of additional geopolitical tensions, contributing to the stabilization of global markets. Nonetheless, persistent dollar p...