The rupee today made a strong comeback against the US currency after taking a hammering yesterday, recouping by a steep 23 paise to end at 68.57 on fresh dollar selling by exporters and corporates.
Bruised by multiple negative headwinds, the Indian unit ended at a near five-year low of 68.80 on Monday against the resurgent dollar bull.
Earlier, extending its bearish stance, the domestic unit resumed lower at 68.91 from the last close of 68.80.
It hit a low of 68.97 in early deals moving in sync with the weakening of other currencies in the region and also heavily weighed down by steady capital outflows.
Reversing early steep losses, the home unit bounced back in late afternoon trade to trade at a session high of 68.56 before ending at 68.57, showing a smart gain of 23 paise, or 0.33 per cent.