Rupee hits five-day high at 94.35 as crude slump and weak Dollar drive rally

Indian equity markets mirrored the currency’s strength. The Nifty 50 rose 1.66 per cent to 24,357.3 and the Sensex gained 1.83 per cent to 78,719.72 as of 9:18 am IST, with indices opening near three-month highs.