Rupee gains 31 paise as dollar weakens, oil falls and foreign inflows rise

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The Indian rupee appreciated by 31 paise against the US dollar on Monday. Declining global crude oil prices and a softer US dollar were the primary drivers of the currency's rise. Additional support came from sustained foreign institutional investor inflows and higher foreign exchange reserves. Easing geopolitical tensions, following US President Donald Trump's decision to delay strikes on Iran, further boosted market sentiment. The Reserve Bank of India's intervention in currency markets also helped reinforce the rupee's gains.

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