Rupee closes at one-month high at 95.12 against dollar, aided by falling oil prices

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The Indian rupee reached its strongest closing level since July 7, settling at 95.1175 against the US dollar. The currency opened sharply higher at 94.92, marking its best intraday level since July 1, before paring some gains through the session. Declining global oil prices provided support to the rupee, easing pressure on India's import bill. This appreciation came despite the Reserve Bank of India maintaining a pause on its monetary policy stance.

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