New Delhi, April 8 -- The rupee rose by 36 paise to open at 92.64 per dollar on Wednesday, April 8, in anticipation of the central bank's policy announcement, supported by falling oil prices and a surge in Asian currencies following a two-week ceasefire in the Middle East.

Brent crude futures for June dropped nearly 14% to $94.10 per barrel, US stocks jumped over 2%, while South Korean and Japanese markets increased by 6% and 5%, respectively.

A two-week ceasefire with Iran, brokered by US President Donald Trump on Tuesday, April 7, strengthened risk assets, boosted Asian currencies, and contributed to the decline in oil prices.

The ceasefire will provide significant relief for markets, which in recent weeks have been faced with uncert...