On Thursday, the Indian rupee strengthened by 6 paise to 93.27 against the US dollar, buoyed by falling crude oil prices and a weakening dollar. The rupee opened at 93.29 in the interbank foreign exchange market before gaining further. Analysts noted that crude oil prices, which are currently below $95 per barrel, have positively influenced investor sentiment in domestic equities, despite ongoing foreign capital outflows. The dollar index, which measures the dollar's strength against six major currencies, decreased by 0.12% to 97.72. In the equity market, the 30-share Sensex rose by 529.55 points or 0.68% to 78,640.79, while the Nifty increased by 156.50 points or 0.65% to 24,387.80. However, foreign institutional investors were net sellers on Wednesday, offloading equities worth ₹666.15 crore (approximately $80 million USD). Additionally, government data revealed that the Wholesale Price Index (WPI) inflation surged to an over 3-year high of 3.88% in March, driven by rising fuel and power costs amid the West Asia crisis.