Rupee rises 5 paise to 95.53 against the U.S. dollar as ceasefire extension eases oil supply fears.

The Indian rupee drops 17 paise to 95.43 against the dollar amid geopolitical tensions and rising crude oil prices.

The rupee slipped 8 paise to 95.78 against US dollar in early trade on Wednesday on elevated crude oil prices as fresh US strikes dampened optimism for an imminent US-Iran peace…