USD vs INR, Nov. 24 -- Indian Rupee marginally gained on Monday after witnessing a sharp drop on Friday. The Indian currency bounced back the Reserve Bank of India intervened strongly to ease the downward pressure.

The rupee was trading at 89.16 against the U.S. dollar on Monday, November 24, appreciating 0.35% for the day. The currency touched an all-time low of 89.48, nearing the psychological mark of 90 per dollar on Friday.

According to reports, the central bank sold dollars both on the order-matching platform and in the non-deliverable forward market, which helped improve sentiment.

On Friday, the currency had slipped beyond 88.80-a level bankers say the RBI had been defending for weeks-triggering renewed pressure that is expected...