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Indian rupee strengthens against the US dollar as oil prices fall and the US dollar weakens.
The Indian rupee gained value against the US dollar on Monday, reaching 85.44, due to a weaker US dollar and falling oil prices.
Brent oil dropped to $67 a barrel, influenced by a ceasefire between Iran and Israel.
However, the rupee had fallen 23 paise to 85.73 on June 30 due to weak domestic equities and rising oil prices.
Despite improvements in global risk sentiments, local investor sentiment was dampened.
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La rupia india se fortalece frente al dólar estadounidense a medida que los precios del petróleo bajan y el dólar estadounidense se debilita.