The Indian rupee that plunged to a 6-day low against the dollar in early deals on Wednesday recovered its losses as the regional stocks turned positive after a weak start.
After slipping to as low as 17,028 earlier in the session, the BSE Sensex has recovered considerably and is now trading near the day's high at 17,158, up 106 points or 0.62% and the Nifty is up by 0.54%.
At present, the rupee is worth 45.44 per dollar, up from a 6-day low of 45.83 hit at 11:20 pm ET. If the Indian currency gains further, it may target an early Asian session's 7-week high of 45.3650.
For comments and feedback: editorial@rttnews.com