New Delhi, June 5 -- The Indian rupee rebounded sharply in Friday's trading session on June 5, poised to snap its three-day losing run, as the government announced a tax cut on bond investments by foreign institutional investors (FIIs) to attract overseas capital and stabilise the domestic unit.

The rupee is languishing near record low levels due to higher energy prices and equity market outflows amid the Middle East conflict.

More to come.

Published by HT Digital Content Services with permission from MINT....