Rupee gains 2 paise to 92.28 against US dollar; crude, FII outflows cap gains

• The rupee strengthened by 2 paise to settle at 92.28 against the US dollar on Monday.
• It was supported by firm domestic equity markets and a weak greenback against major currencies overseas.
• Gains were restricted by surging crude oil prices and foreign funds outflows triggered by geopolitical uncertainties.
• The Reserve Bank of India intervened in FX markets to stabilize the currency and prevent excessive volatility.
• Foreign institutional investors sold equities worth Rs 9,365.52 crore; global monetary policies to influence future.