Rupee jumps 82 paise to 94.96 against US dollar in early trade

In early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of India aimed at curbing dollar demand. Key actions included establishing a dedicated dollar window for oil firms and raising costs for hedging. Meanwhile, Brent crude prices fell to USD 105.47 per barrel, and retail inflation in India surged to 5.