Rupee Surges 21 Paise to 90.73 Against US Dollar Amid Falling Oil Prices

• The rupee gained 21 paise to 90.73 against the US dollar in early trade on Monday.
• This rise was supported by a sharp fall in global crude oil prices and a weaker US dollar.
• Brent crude was down 1.09 per cent at USD 70.98 per barrel.
• Strong domestic equity markets and a jump in forex reserves also bolstered the local unit.
• India's forex reserves hit a new all-time high of USD 725.727 billion in the week ended February 13.