Rupee jumps 0.7% to best day since April on RBI intervention and falling oil
The Indian rupee rallied 0.7% to close at 95 per dollar, its strongest one‑day gain since April 2. The surge was sparked by Reserve Bank of India dollar‑selling intervention and a drop in crude oil prices after a US‑Iran truce plan. Markets now await the RBI’s June 5 policy decision.