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The Indian rupee settled 6 paise higher at 76.28 (provisional) against the US dollar on Thursday tracking higher equities.
The local unit had settled at an all-time low of 76.34 against the greenback on Wednesday.
Forex traders said the rupee traded in a narrow range as higher opening in domestic equities supported the local unit while concerns over coronavirus outbreak weighed on the local unit.
At the interbank foreign exchange market, the local currency opened at 76.11, but witnessed heavy volatility and touched a low of 76.55 against the American currency.
The domestic unit finally settled at 76.28 against the greenback, up 6 paise over its previous close.
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