Rupee rises 9 paise to 94.80 against U.S. dollar in early trade
The Indian rupee rose 9 paise to 94.80 against the U.S. dollar in early trade on Monday, bolstered by the Reserve Bank of India's forex interventions. This marks the rupee's sharpest rally in seven months, although rising Brent crude prices at $110 per barrel present a significant risk to this recovery. Traders will monitor these developments closely.