Big Relief! Rupee Rises 24 Paise In Early Trade

The rupee appreciated by 24 paise to open at 95.47 against the dollar today, June 9, supported by softer crude oil prices after a temporary pause in Iran-US war. The RBI announced enhanced leverage limits for NRI deposits. After declining 8% this year and touching a record low of 96.96 on May 20, rupee's near-term movement will depend on oil price trends.