India, March 10 -- The rupee recovered from its record low in early Tuesday trade, gaining 7 paise to reach 92.14 against the US dollar, supported by a decline in global oil prices after US President Donald Trump indicated that the war with Iran could end soon.
Forex traders noted that a weaker US dollar and a strong opening in domestic equity markets also aided the local currency. However, persistent foreign institutional investor (FII) outflows limited further gains.
In the interbank foreign exchange market, the rupee opened at 91.92 and later traded at 92.14, marking a 7-paise rise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....