Rupee Surges 188 Paise Against Dollar, Biggest Jump in 12 Years

• Indian rupee gains 1.98% to 92.82 against US dollar, its largest single-day jump in 12 years.
• RBI's new measures to curb speculative activity boosted sentiment in the currency market.
• Central bank restricted banks from offering rupee non-deliverable forwards (NDFs) and barred rebooking cancelled forward contracts.
• Global risks remain high with crude oil prices surging and geopolitical tensions escalating due to Donald Trump's comments on Iran.
• Foreign portfolio investors (FPI) offloaded shares worth Rs 8,331 crore, while domestic institutional investors (DII) bought stocks worth Rs 7,172 crore.