Rupee Jumps 91 Paise to 95.80 Against US Dollar in Early Trade

The Indian rupee rebounded sharply from a record low, gaining 91 paise to 95.80 against the U.S. dollar in early trade on Monday.

The Reserve Bank of India stepped in with measures including a dedicated dollar window for oil companies and higher hedging costs to curb volatility.

Forex analysts stated these measures will help the rupee sustain pressure from elevated crude oil prices and a strong dollar.