BusinessPhoto: FirstpostRupee Rallies Five Days on US Midterms, Cheaper Oil
The Indian rupee has risen for five straight sessions, opening at 94.35 against the US dollar due to falling crude oil prices, a weaker dollar, and renewed foreign investor buying. Brent crude dropped below $100 a barrel, boosting market sentiment. India's stock indices also gained, with Nifty 50 up 1.66% and Sensex up 1.83%. The US midterm election results, favoring Democrats, have reduced fears of prolonged US-Iran conflict, supporting the rally.
Firstpost·



