USD vs INR, April 2 -- The Indian Rupee rebounded as much as 1.6% to 93.19 per dollar, against the US dollar in early deals, on Thursday, April 2, driven by the Reserve Bank of India (RBI) decision to curb banks' net open positions in the onshore forward delivery market.

In the interbank forex market, the rupee opened at 94.62 against the US dollar and surged to 93.19 in early trade, marking a sharp gain of 151 paise, or 1.6%, compared to its previous close.

Earlier, the rupee had crossed the 95 mark on Monday before ending at 94.70 against the dollar. On Friday, it had hit a record low of 94.84, which led to intervention by the RBI.

According to analysts, the domestic currency remained under pressure due to persistent foreign fund out...