Rupee recovers from all-time low

Rupee recovers from all-time low

MUMBAI [Maha Media]: The rupee rebounded from its all-time low, rising 6 paise to 88.70 against the US dollar in early trade on Friday amid a weaker greenback and hopes of an India-US trade deal breakthrough.

However, FII outflows, coupled with a rise in international crude oil prices limited gains for the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 88.72 before rising to 88.70, higher by 6 paise from its previous close.
 

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