Mumbai, April 2 -- The Indian rupee recovered well in opening trades on Thursday backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. INR opened at Rs 94.62 per dollar and recovered around 150 paise from its record low level to hit a high of 93.14 against the US dollar in early deals. The central bank mandated a $100 million cap on bank foreign exchange exposure, effective April 10, forcing banks to reduce large dollar holdings. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation. The rupee, which had been suffering from four consecutive weeks of declines, sho...