Rupee recovers from life low, rebounds 33 paise to 68.46
After crashing to life-time lows yesterday, the rupee staged a spirited recovery to end higher by 33 paise at 68.46 against the US dollar today in line with a big relief rally in domestic equities.Propped up by heavy dollar selling intervention by the RBI, the Indian unit touched a fresh intra-day high of 68.35.This was the first gain posted by the rupee in the last four sessions.Overall forex sentiment, however, remained cautious due to rising crude prices and concerns over fiscal slippage.The rupee largely took cue from weak dollar overseas,…
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