Mumbai, Aug. 3 -- The Indian rupee surged 31 paise to 95.12 against the US dollar in early trade on Monday over a steep fall in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes against Iran. The dollar index fell toward 99.5 on Monday, extending its decline to a fifth consecutive session after Japan confirmed it had carried out coordinated yen-buying operations with the US, while Bank of Japan data indicated the country may have spent as much as $58.97 billion on Thursday. FII inflows, a rise in the country's forex reserves, and Reserve Bank of India (RBI) support further strengthened the local unit. India's BSE Sensex rose about 0.7% to 78,661 early today, extending gains for a fo...