Indian Rupee Bounces Back Against The U.S. Dollar

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A man holding 200 rupee Indian banknotes. (Photo: Usha Kunji/ BQ Prime)

The Indian rupee gained against the U.S. dollar after a day of sharp depreciation.

The currency opened at 81.66, appreciating 0.26% over Monday's close of 81.87.

During the day, the local currency gained as much as 0.64% to 81.35. The rupee ended Tuesday's trade at 81.51 against the greenback, up 0.44%.

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