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Reversing a straight five-session downtrend, the rupee gains marginally by 2 paise to end at 64.26 against the US dollar in line with a good recovery in equity markets.
The rupee had depreciated by a staggering 70 paise in five-day losing run, giving back all its 2018 gains.
The Indian currency touched a fresh two-month low of 64.40 in intra-day trade, spooked by capital outflow concerns.
Earlier, the rupee resumed lower at 64.35 as compared to Wednesday’s close of 64.28 at the Interbank Foreign Exchange (forex) market due to increased demand for the US currency from importers and banks.
It later swung between 64.40 and 64.15 most part of the day, though overnight policy statement from the RBI calmed nervous bond market to some extent.
The apex bank yesterday maintained a neutral policy stance citing inflation risk.
The domestic unit finally settled the day at 64.26, showing a small gain of 2 paise.
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