Rupee opens 5 paise higher at 94.35 against US dollar

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Indian rupee opened 5 paise stronger at 94.35 against the US dollar on Monday, supported by lower crude oil prices despite renewed US-Iran hostilities. Traders expect the 94-95 range to remain the near-term trading band. Brent crude rose a modest 0.6% to $72.44 per barrel on concerns over shipping through the Strait of Hormuz.