The Indian rupee remained stable on Monday despite risk aversion due to the Iran-Israel conflict, as exporters sold dollars and local equities rose. The rupee was trading at 86.0625 against the US dollar at 11:50 am IST, almost unchanged from its previous close of 86.08. India's key stock market gauges, the BSE Sensex and Nifty 50, both increased by approximately 0.7 per cent, rebounding from two consecutive days of declines driven by escalating geopolitical tensions in the Middle East. Attribution: Reuters Subediting: M. S. Salama