India, March 5 -- The Indian rupee rebounded from its record low, rising by 48 paise to 91.57 against the US dollar in early trade on Thursday, supported by positive trends in domestic equity markets.
Despite the recovery, the local currency remained under pressure due to higher crude oil prices, a stronger US dollar, and continued selling of Indian equities by foreign investors amid escalating tensions in the Middle East, according to forex analysts.
In the interbank foreign exchange market, the rupee opened at 92.16 against the dollar and strengthened to an intraday high of 91.30 before trading at 91.57, up 48 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....