New Delhi, May 6 -- The Indian rupee opened 24 paise stronger at 95.04 against the US dollar on Wednesday, 6 May, supported by a pullback in crude oil prices after US President Donald Trump signalled a possible peace deal with Iran.

As per a Reuters report, traders said expectations of measures to boost dollar inflows also helped ease pressure on the currency.

Brent crude for July delivery extended losses in the Asian session, slipping to around $108 per barrel after Trump said he would briefly pause plans to escort ships through the Strait of Hormuz, citing progress toward a broader agreement with Iran. However, he did not provide further details, and there was no immediate response from Tehran.

Oil markets have remained volatile amid...