New Delhi, July 27 -- The Indian rupee opened 41 paise higher at 96.15 against the US dollar on Monday, 27 July, supported by a sharp decline in crude oil prices after US President Donald Trump paused military strikes on Iran following nearly two weeks of hostilities.

According to a Reuters report, the domestic currency also received support from expected foreign capital inflows, driven by a series of recent measures announced by the Reserve Bank of India (RBI) to attract overseas investments.

Brent crude for September delivery fell nearly 4% to $93.02 per barrel after the US and Iran halted further strikes, raising hopes of a diplomatic breakthrough that could ease geopolitical tensions and restore normal shipping through the Strait of...