Rupee recovers 29 paise against dollar
The rupee recovered 29 paise from yesterday's record low to 54.20 against dollar in the late morning trade on Thursday due to fresh selling of the American currency by banks and exporters amid firm equity market, although it lost some ground later.
The rupee on Tuesday recovered sharply by 21 paise to 42.28/30, against the US currency due to lack of dollar demand from oil refiners and recovery in equity markets.