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After yesterday’s rout, the rupee on Thursday staged a mild recovery to close 15 paise higher at 66.75 against the US dollar on bouts of selling of the American currency by exporters.
Overall, forex market sentiment remained subdued due to sustained rise in crude oil prices, stirring up more concerns over widening trade deficit. The rupee took off on a positive note at 66.86 from Wednesday’s close of 66.90 at the inter-bank foreign exchange (forex) market. Maintaining its defense against the dollar, the domestic unit strengthened to a high of 66.69 in mid-afternoon deals before ending at 66.75, showing a smart gain of 15 paise or 0.22 per cent.
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