On Monday, the Indian rupee strengthened, gaining 25 paise to trade at 95.35 against the US dollar in early sessions. This appreciation was reportedly influenced by an uptick in risk appetite, spurred by the potential for a deal between the US and Iran. Simultaneously, Indian share markets opened with significant gains, buoyed by a decrease in crude oil prices, which fell below $100 per barrel for the first time in over two weeks amid optimism for an imminent end to ongoing conflicts. Key indices reflected this positive sentiment, with the Sensex rising 908.98 points to 76,317.85, and the Nifty advancing 262.65 points to 23,977.70.
Source: https://indianexpress.com/article/business/rupee-rises-sensex-nifty-early-trade-10706348/
