<h1>Indian rupee recovers 14 paise to 86.59 against dollar after hitting two-month low</h1> The Indian rupee strengthened by 14 paise to close at 86.59 against the US dollar, recovering from a two-month low. The appreciation was driven by falling global crude oil prices, a weakening dollar, strong domestic equity performance, and foreign institutional investor inflows. The currency had previously declined 69 paise over three sessions following geopolitical tensions. Market analysts noted oil price concerns after regional conflicts but expressed optimism about potential IPO inflows. The dollar index fell 0.30 percent while domestic markets posted significant gains with substantial foreign investment.