Rupee Appreciates 15 Paise as Crude Oil Prices Retreat

The Indian rupee appreciated by 15 paise on Monday to close at 95.81 (provisional) against the US dollar.

This positive trend was driven by weak crude oil prices, improved global risk sentiment, and expectations of diplomatic talks between the US and Iran.

Forex traders pointed out that the rupee firmed up on intraday trade, touching a low of 95.72 against the American currency.

Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, noted that the rupee is expected to trade with a slight positive bias due to falling crude oil prices from higher levels.