Rupee Jumps 37 Paise to 91.56 Against US Dollar After Budget, Crude Oil Prices Fall

• The rupee strengthened by 37 paise to 91.56 against the US dollar in early trade on Monday.
• The recovery was supported by a sharp decline in crude oil prices and the Union Budget 2026-27.
• Forex traders noted the Budget provided reassurance, but government borrowing of Rs 17.2 lakh crore could impact investor sentiment.
• Brent crude fell 4.24 per cent to $66.38 per barrel amid US-Iran talks, easing fears of supply disruptions.
• Domestic equity markets Sensex and Nifty saw gains after initial negative reaction to the Budget's tax changes.

Why It Matters: Rupee recovers against the dollar due to falling crude prices and Budget's fiscal discipline focus.