New Delhi, April 15 -- The rupee began the day 21 paise higher at 93.17 against the US dollar on Wednesday, April 15, supported by declining oil prices and a boosted risk appetite due to optimistic expectations of US-Iran peace talks resuming. The rupee closed at 93.3750 on Monday, April 13. The Indian stock market was closed on Tuesday.

Brent crude for June delivery fell to $94.40 a barrel during Asian trading, continuing a 4.6% decrease from the previous day, as hopes grew for the resumption of peace discussions between the United States and Iran. The contract had jumped to around $104 on Monday after negotiations failed over the weekend.

Negotiations aimed at ending the conflict may resume in Pakistan within the next couple of days, ...