Rupee surges 61 paise to settle at 95.92 against U.S. dollar
The Indian Rupee strengthened by 61 paise to close at ₹95.92 against the U.S. dollar, buoyed by a rise in domestic equities and a decline in the dollar's value against other currencies. This appreciation follows a significant drop in crude oil prices after the U.S. and Iran halted hostilities in West Asia, raising expectations for reduced global tensions. Traders anticipate that this trend may continue if the geopolitical situation stabilizes further.