India, July 7 -- The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday, supported by improved market sentiment and softer crude oil prices.
The domestic currency opened at 95.33 in the interbank foreign exchange market before strengthening to 95.28, compared with its previous close.
Market sentiment improved after reports that Saudi Arabia reduced its August crude oil prices for Asian buyers amid easing geopolitical tensions in the Middle East. Forex dealers noted that the lower geopolitical risk premium and uninterrupted traffic through the Strait of Hormuz have helped keep crude oil prices under pressure, providing support to the rupee.
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