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Rupee Rallies as Crude Oil Prices Plunge and Global Tensions Ease

Guavy AI Editorial Team
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The Indian rupee gained 28 paise against the US dollar in early trade on Monday, driven by a sharp fall in crude oil prices and improved global sentiment.

The rupee opened at 96.18 but later traded at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level.

Analysts attributed the recovery in crude prices to the easing of tensions in West Asia as the US and Iran paused strikes against each other, with US President Donald Trump giving 'talks some space', according to Mike Waltz, the US ambassador to the United Nations.

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