Rupee rises 31 paise to 95.12 against U.S. dollar in early trade
The Indian rupee strengthened by 31 paise to 95.12 against the U.S. dollar in early trade, marking its fifth consecutive day of gains. This rise was driven by a significant drop in global crude oil prices and a weaker dollar following U.S. President Donald Trump's decision to postpone military action against Iran. Additionally, foreign institutional investor inflows and increased foreign exchange reserves supported the rupee's performance, according to forex traders.