Rupee logs biggest gain since May, opens 41 paise higher at 96.15 as Brent cools

The Indian rupee opened 41 paise higher at 96.15 against the US dollar, logging its biggest single-day gain since May.

The rupee strengthened as crude oil prices cooled, easing pressure on India's import bill.

RBI Governor Sanjay Malhotra stated that $32 billion had flowed into the country through FCNR-B deposits, boosting forex reserves.

The surge in foreign inflows also contributed to the rupee's sharp appreciation.