Mumbai, April 24 -- The Rupee on Thursday bounced back 16 paise to close positive at 85.26 against USD on selling of
US Dollar from foreign banks and importers, dealers at the Forex Market said.
The local unit that dropped 21 paise at 85.63 in early trade. During the day, it erased earlier losses and finished at 85.26, rebounding 16 paise as compared to its last close.
Weak Dollar against other world currencies despite weak equity market pushed the Rupee positive.
The Rupee recorded intra days high and low at 85.21 and 85.66 respectively, dealer added.
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