Rupee gains 36 paise to a dollar as oil retreats

The Indian rupee surged over a rupee against the US dollar in two days, gaining 36 paise on Thursday. This rebound was driven by a significant retreat in crude oil prices below $100 a barrel, prompting traders to unwind short-rupee positions. State-run banks were observed selling dollars, likely on behalf of exporters, as the rupee moved to 94.