Rupee rebounds 17 paise to 83.17 against US dollar
The rupee had lost 18 paise in the previous two sessions.
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The rupee had lost 18 paise in the previous two sessions.
At the interbank foreign exchange, the domestic currency opened at 83.17 and traded between a peak of 83.10 and a low level of 83.21 against the greenback during intra-day deals.
The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.
At end of trading on September 22, the rupee closed at 80.86 against the US dollar, its lowest ever, and about 7 per cent lower than in January. By the time you read this, it might well have breached 81.
Rupee falls: The rupee gained 29 paise to settle at 79.45 against the dollar. Forex traders said the US dollar index witnessed an upturn after the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hike.