Rupee rises as oil slips from six-month high

On Monday, the Indian rupee strengthened to close at 94.74, following a decrease in oil prices. Oil prices fell from six month peaks, contributing to the rupee's gains, which were significant during the trading day. The currency fluctuated between 94.88 and 94.60 amidst the market movements. Brent crude oil futures were priced at $104 per barrel during Asia trading hours.