India, Nov. 4 -- The Indian rupee recovered from its record low and appreciated by 21 paise to 88.56 against the US dollar in early trade on Tuesday, supported by a decline in global crude oil prices.
The currency opened at 88.55 at the interbank forex market and was trading at 88.56 shortly after, up from its previous close.
However, traders noted that the rupee continues to face pressure from a firm US dollar and sustained foreign fund outflows from the domestic equity market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....