Mumbai, Oct. 1 -- The Indian rupee gained some lost ground on Wednesday. INR opened at Rs 88.79 and trades at 88.71, up 9 paise on the day. Yesterday, rupee extended downside to hit a new record low pressured by sustained foreign capital outflows amid global trade uncertainties. Rupee fell to an all-time low against the US dollar on Tuesday. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit.
Published by HT Digital Content Services with permission from Capital Market....