Rupee recovers from all-time low, regains 18 paise
The rupee recovered from its record low by rising 18 paise to 68.61 against the US dollar.
Mumbai: The rupee recovered from its record low by rising 18 paise to 68.61 against the US dollar in early trade today on fresh selling of the American currency by banks and exporters.
Selling of dollars by banks and exporters today made the greenback weak against some currencies overseas, which supported the rupee, forex dealers said.
Higher opening of the domestic equity market also propped up the rupee, they added.
Meanwhile, the BSE benchmark Sensex rebounded by 142.86 points, or 0.40 per cent, to 35,180.50 in early trade today. (PTI)