New Delhi, July 28 -- The Indian rupee opened 15 paise stronger at 95.76 against the US dollar on Tuesday, 28 July, supported by sustained intervention from the Reserve Bank of India (RBI) and a sharp decline in crude oil prices, which helped offset the broader strength in the US dollar.

The domestic currency has staged a notable rebound after appearing set to breach the 97-per-dollar mark at Friday's open. The recovery was driven by the RBI's intervention to defend the currency, along with easing crude oil prices that reduced pressure on India's import bill.

The RBI reportedly continued selling dollars on Monday, triggering stop-losses on long-dollar positions and accelerating the rupee's gains. As a result, the Indian currency touched...