Rupee recovers on RBI measures

At 67.55/56 per dollar

Rupee firmed up on Thursday (29 August 2013), to open at 67.55/56 per dollar compared to its previous close of 68.80/81 per dollar on Wednesday, its record low.

Earlier at the open of the session, the Reserve Bank of India as a step to prop up currency decided to provide dollars directly to oil companies. This measure along with a recovery in emerging market currencies also helped a slight rupee recovery.

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