INR vs USD, June 15 -- The rupee strengthened by 58 paise against the US dollar to 94.60 in early trading on Monday, supported by a sharp decline in global crude oil prices after US President Donald Trump announced that Washington and Tehran had reached an agreement to end the conflict.

Forex traders said the domestic currency also benefited from a strong opening in Indian equity markets and weakness in the US dollar.

In the interbank foreign exchange market, the rupee opened at 94.70 per dollar and later advanced to 94.60, marking a gain of 58 paise from its previous close.

The domestic currency had strengthened by 67 paise against the US dollar, ending Friday's session at 95.18.

"The Indian rupee witnesses a positive bias on Monday,...