The Indian rupee recovered by four paise to 54.99 after touching all-time low of 55.07 against the American currency in the late morning trade due to mild selling of dollars by banks following following measures taken by RBI to curb the local currency’s fall.
The rupee resumed higher at 54.60 per dollar at the Interbank Foreign Exchange (Forex) market as against the last closing level of 55.03 per dollar.
From: http://ping.fm/yRbFy
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