Rupee Surges 28 Paise Against Dollar Amid Crude Oil Price Drop

The Indian rupee gained strength in early trade on Monday, rising 28 paise to 96.25 against the US dollar.

This upward trend was largely driven by a sharp fall in crude oil prices and positive global sentiment following the easing of tensions between the US and Iran.

The American currency index retreated from its elevated level, while domestic equities witnessed a strong buying trend, further supporting the local currency, according to forex traders.