India, May 21 -- The rupee rebounded by 41 paise from its record closing low to trade at 96.45 against the US dollar in early Thursday trade, after indications from US President Donald Trump that talks with Iran were nearing the final stage.
The domestic currency opened at 96.25 in the interbank forex market and later traded at 96.45, recovering from Wednesday's all-time closing low of 96.86 per dollar.
Forex traders said investors continue to remain cautious over geopolitical developments and crude oil price movements, as any escalation in Middle East tensions could once again put pressure on the rupee.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....