Rupee ends up 6p at 70.10 against dollar, recovers from record closing low
The rupee today bounced back in tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency largely tracking bearish dollar cues overseas.Most Asian currencies also recouped early losses against the greenback.Forex trading mood was upbeat after the US and Mexico agreed on a new trade deal to revamp the North American Free Trade Agreement (NAFTA) weakening demand for the safe haven US dollar worldwide. Investors cheered the development amid lingering trade concerns which have weighed on emerging market currencies in recent months.…
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