Rupee opens 4 paise higher at 95.17 against US dollar

The rupee is the money used in India.

This story is about how much one US dollar costs in rupees.

On Monday, the rupee opened a little stronger, at 95.17 rupees for one dollar.

That means the rupee went up by 4 paise, which is a very small amount.

One reason is that people think the US central bank might not raise interest rates soon.

Another reason is that India's central bank, called the RBI, keeps helping the rupee by buying and selling money.

Oil prices are lower than before, which also helps.

But there is worry because a very important waterway, the Strait of Hormuz, may not reopen fully.

India's money reserves went up a lot last week.

Experts think the rupee may stay around the same level for a while.