The Indian rupee recuperated from its record lows and opened almost 27 paise higher against the U.S. dollar on Wednesday.
The rupee had dove just about 46 paise to a new low of 72.9675 against the U.S. dollar in late evening exchange on Tuesday, nearing the 73/$ check. The Indian rupee had shut at an all time low at 72.9662 for each dollar.
The Indian rupee opened at 72.6987 against the dollar on Wednesday, recovering almost 27 paise from its previous close at 72.9662 per dollar, Bloomberg data showed.
Fresh selling of the greenback by exporters and banks, along with easing crude prices in the global market and weakness in the dollar against other currencies overseas, helped the domestic currency rebound, PTI reported forex dealers as saying.
The rupee had dove just about 46 paise to a new low of 72.9675 against the U.S. dollar in late evening exchange on Tuesday, nearing the 73/$ check. The Indian rupee had shut at an all time low at 72.9662 for each dollar.
The Indian rupee opened at 72.6987 against the dollar on Wednesday, recovering almost 27 paise from its previous close at 72.9662 per dollar, Bloomberg data showed.
Fresh selling of the greenback by exporters and banks, along with easing crude prices in the global market and weakness in the dollar against other currencies overseas, helped the domestic currency rebound, PTI reported forex dealers as saying.
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