Rupee Climbs 32 Paise vs Dollar As Oil Prices Decline

The rupee strengthened by 32 paise to 94.93 against the dollar, supported by lower crude oil prices and easing tensions after progress in US-Iran talks. The recovery came after yesterday's sharp decline, when the currency slipped over 60 paise intraday to close at 95.25, its weakest level in 3 weeks. Traders, however, remain cautious over a stronger dollar.