Rupee Recovers From All-Time Low, Opens 18 Paise Higher Against US Dollar

The Indian rupee on Friday pared some of the losses it incurred on Thursday, and rose from its record closing low of 68.79 by rising 18 paise to 68.61 against the US dollar in opening trade. The recovery of Indian rupee today is due to fresh selling of the American currency by banks and exporters. According to forex dealers, selling of dollars by banks and exporters made the greenback weaker against some currencies overseas, which su...