Mumbai, Feb. 2 -- The Indian rupee rebounded well on Monday, the first session after Union Budget 2026-27 was presented yesterday. Rupee gained 42 paise to close at 91.51 (provisional) against the US dollar, largely supported by sharp fall in international crude oil prices and positive cues from local equities. Crude oil prices were down more than 5 percent in European trade after U.S. President Donald Trump said he was hopeful of agreeing a deal with Iran. At the interbank foreign exchange market, the rupee opened at 91.95 against the US dollar, then gained some ground to touch an intraday high of 91.45 and a low of 91.95 against the greenback.

Indian shares bounced back on Monday after tumbling during the special weekend trading sessio...