Rupee Surges 28 Paise Against Dollar Amid Easing Tensions, Crude Price Drop

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

The appreciation was largely driven by a sharp decline in crude oil prices and positive global sentiment following the easing of tensions between the US and Iran.

The dollar index retreated from its elevated level, while domestic equities witnessed a strong buying trend, supporting the rupee further.

Brent crude, the global oil benchmark, was trading 4.17 per cent lower at USD 92.74 per barrel in futures trade.