India, Oct. 12 -- The Indian Rupee opened stronger against the US Dollar on Monday, with the USD/INR exchange rate falling by around 1% towards 95.80. The recovery followed fresh steps by the Reserve Bank of India (RBI) aimed at managing dollar demand and reducing volatility in the foreign exchange market.

Lower crude oil prices provided additional support to the domestic currency. Investors are also watching India's September retail inflation figures, which could influence expectations for the Rupee and the RBI's monetary policy outlook.

Why Is the Indian Rupee Rising Today?

The RBI announced measures over the weekend to reduce pressure on the Indian Rupee. According to a Reuters report cited in the source material, the central bank p...