Rupee hits five-week high, ends at 94.71 vs USD on easing Mideast tensions (opens original article in a new tab)

The Indian rupee reached a five-week high of 94.71 against the dollar amid easing Mideast tensions and falling oil prices, with traders expecting further gains due to improved market sentiment and dollar inflows.

• Indian rupee surged 40 paise to 94.71 against the dollar on Monday
• Rupee hit a five-week high of 94.45 amid easing Mideast tensions and falling global oil prices
• Traders expect further rupee gains due to improved sentiment and dollar inflows
• Brent crude price dropped nearly 5% to $82.9 a barrel, easing inflation concerns