Mumbai, Feb. 12 -- The Indian rupee could likely see an extended recovery on Wednesday, after the domestic unit rallied 63 paise, recording its steepest single-day recovery in nearly two years, to settle at 86.82 against the US dollar in the previous session. The gains came despite extended losses in the local bourses. The benchmark S&P/BSE Sensex hit an intraday low of 76,030.59 before recovering some ground to end the session down 1,018.20 points, or 1.32 percent, at 76,293.60. The broader NSE Nifty index closed down 309.80 points, or 1.32 percent, at 23,071.80, after having hit a low of 22,986.65 earlier. Nevertheless, marginal losses in dollar index , quoting below 108 mark could support. Meanwhile, rupee has depreciated 3.3 per cent ag...
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