 "Rupee off lows on suspected RBI intervention")
Rupee recovered from the day's lows on Thursday after state-run banks likely sold dollars on behalf of the central bank, five dealers said.
The partially convertible rupee recovered to 62.47/48 after hitting an intraday low of 62.73 on a Standard & Poor's report about a possible rating downgrade next year if the new government failed to push economic growth.
It had closed at 62.39/40 on Wednesday.
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