New Delhi, Oct. 12 -- The Indian rupee rebounded nearly 1 per cent to around 95.80 against the US dollar on Monday from Friday's close of 96.71 after the Reserve Bank of India (RBI) operationalised a special dollar window to meet the daily foreign exchange requirements of state-run oil marketing companies.

Anindya Banerjee, Head of Commodity and Currency Research at Kotak Neo, described the RBI's latest measures as a positive development for the domestic currency, saying they could ease demand pressure in the foreign exchange market.

"The RBI's latest package is a clear near-term positive for the rupee," Banerjee said.

The RBI announced on Saturday that it would meet the entire daily dollar requirements of Indian Oil Corporation, Bhara...