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The rupee bounced back in tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency, largely tracking bearish dollar cues overseas. Most Asian currencies also recouped early losses against the greenback. The rupee briefly slipped to a low of 70.25 in mid-morning deals; it recovered in afternoon deals amid gains in the stock market and losses in the US currency.
The local unit finally settled the day at 70.10, revealing a modest gain of 6 paise, or 0.09 per cent. Forex trading mood was upbeat after the US and Mexico agreed on a new trade deal to revamp the North American Free Trade Agreement, weakening demand for the safe haven US dollar worldwide.
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