Russia-Ukraine crisis: Rupee rebounds as risk sentiments improve

The rupee revived on Friday after falling 1.4 per cent against the dollar a day before after risk sentiments improved as investors assessed economic fallout of the sanctions against Russia are much less severe than expected.

The rupee closed the day at 75.29 per $, up 26 paisa, or 0.48 per cent as sentiments improved and commodity retracted from Thursday’s levels. The rupee has been one of the worst performing Asian currencies in 2022.

On Thursday, financial markets across the globe turned volatile after Russia invaded Ukraine with crude oil surging over $100/bbl for the first time since 2014.

“With uncertainty around the