Mumbai, Nov. 25 -- The Indian rupee is seen extending recovery on Tuesday morning in Asia as dollar softens near 100 mark on dovish comments from Fed officials that boost expectations of a Federal rate cut. Moreover, positive opening in local equities tracking global cues are also supporting the local unit. INR opened at Rs 89.02 per dollar before edging lower to a low of 89.16 so far during the day. Yesterday, rupee rebounded well by almost 50 paise to settle at around 89.15 against the greenback following a sharp plunge to hit a lifetime low level on Friday. The rupee had plunged 98 paise to close at its lifetime low of 89.66 against the US dollar on Friday, due to a huge demand for the greenback in the domestic forex market amid widesp...
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