Rupee rises 31 paise on weaker dollar, lower oil prices and continued FII inflows

The Indian rupee strengthened by 31 paise against the US dollar, trading at 95.12 on Monday.

The rupee rose due to weaker dollar, lower Brent crude oil prices ($83.66 per barrel), and sustained FII inflows.

US President Donald Trump delayed planned strikes on Iran, easing geopolitical concerns and supporting market sentiment.

India's forex reserves rose by $6.118 billion to $682.354 billion in the week ended July 24.

The Reserve Bank of India's continued intervention in the foreign exchange market also supported the rupee.