New Delhi, Nov. 24 -- The Indian rupee (INR) rebounded on Monday, supported by potential market intervention from the Reserve Bank of India, according to reports, that facilitated its recovery from last Friday's record low.

The currency had plummeted to an all-time low of Rs.89.49 on Friday due to a higher-than-expected trade deficit, foreign institutional investor outflows, and delays in India-US trade talks. Experts also pointed out that the INR dropped to a record low of 89.49 on Friday after the RBI sustained the 88.80 levels for an extended duration.

From a global perspective, analysts thought that the dollar index stayed steady, exceeding the significant 100 threshold after the U.S. non-farm payroll report showed an unexpected inc...