Tuesday, Apr 16 2024 | Time 21:45 Hrs(IST)
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Business Economy


Rupee recovers 50 paise against USD

Mumbai, Sep 12 (UNI) The Rupee on Wednesday smartly recovered by 50 paise to 72.19 against the US Dollar after a record low, on fresh selling of US Dollars by bankers and exporters, dealers at the Forex Market said.

The sentiment was also buoyed as domestic equities rebounded on DII buying ahead of IIP and retail inflation data to be released later in the day.

Sliding by 96 paise in last two days, the domestic unit declined by 9 paise to 72.78 in opening trade.
Later, it erased its earlier losses and finished positive at 72.19, surging by 50 paise as compared to its last close.
High oscillation was seen during the day as it registered day high and low at 72.91 and 71.90 respectively.
The forex market will remain closed on Thursday for 'Ganesh Chaturthi' broker informed.
UNI NV HK RSU 1724
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