Key Points
Mumbai, Nov 5 (PTI) The rupee recovered from its all-time low to settle 2 paise higher at 84.09 against the US dollar on Tuesday, supported by a recovery in the domestic markets and suspected intervention by the Reserve Bank of India...
Markets are bracing for potential volatility over the coming days, especially with the Federal Reserves monetary policy announcement also scheduled this week...
On Monday, the rupee fell 4 paise to close at a record low level of 84.11 against the US dollar...
However, weak US Dollar and positive domestic markets prevented a sharp fall in the rupee, said Anuj Choudhary Research Analyst at Sharekhan by BNP Paribas...
Choudhary further said the rupee is likely to trade with a negative bias on FII outflows and overall strength in the US Dollar..
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