New Delhi, March 5 -- The Indian rupee recovered on Thursday after hitting an all-time low of 92.31 against USD, though currency experts believe the domestic currency is likely to remain under pressure due to ongoing geopolitical tensions and elevated crude oil prices.
According to currency experts, the rupee strengthened to 91.58 against the US dollar after suspected intervention in the market helped the currency recover sharply before the opening of the domestic market.
K N Dey, a currency expert, told ANI that there was a sudden movement in the offshore market just before the opening of the Indian rupee market.
"Today morning at around 8.50/55 a.m. NDF was trading around 92.15/16 levels, suddenly just before opening of Indian OTC Ru...
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