Rupee Gains 37 Paise Against US Dollar Post-Budget Amid Falling Crude Prices

• The Indian rupee strengthened by 37 paise to 91.56 against the US dollar in early trade on Monday.
• The gain followed the Union Budget 2026-27 presentation and was largely attributed to a retreat in crude oil prices.
• Forex traders noted the budget offered reassurance but not relief, with government's high borrowing plans potentially impacting investor sentiment.
• The government plans to borrow Rs 17.2 lakh crore in the next fiscal year to fund a projected fiscal deficit of 4.3% of GDP.
• Brent crude prices fell 4.24% to USD 66.38 per barrel, influenced by US-Iran discussions, while the dollar index rose slightly.

Why It Matters: Rupee strengthens post-budget due to falling crude prices, despite concerns over government borrowing.