Rupee surges 67 paise in steepest one-day gain in a month

May 7, 2026

The Indian rupee surged 67 paise against the dollar on Wednesday, marking its steepest single-day gain in over a month. This appreciation was driven by a significant drop in crude oil prices and positive indications from Iran and the US regarding diplomatic efforts. Stocks also climbed, while bond yields fell below 7%.

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