नवीनतम
Rupee recovers 88 paise against USD
MUMBAI [Maha Media]: The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar index after the US Fed indicated more rate cuts in the current year.
Forex traders said all decline in crude oil prices and reports of RBI intervention supported the domestic currency.
At the interbank foreign exchange market the rupee opened at 88.74 against the US dollar, then gained momentum and touched 87.93, registering a gain of 88 paise from its previous close.
