India, Jan. 22 -- The rupee recovered from record low levels, strengthening by 15 paise to trade at 91.50 against the US dollar in early trade on Thursday, supported by improved risk sentiment.
Forex traders said investor confidence improved after US President Donald Trump indicated that he had no plans to impose tariffs on Europe in connection with the Greenland issue. Speaking at Davos on Wednesday, Trump announced that he was scrapping proposed tariffs on eight European nations, easing global trade concerns.
The rebound in the domestic currency was further aided by a positive trend in Indian equity markets, which boosted overall market sentiment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limit...