The rupee rebounded 15 paise to 88.00 against the US dollar in early trade on Wednesday, after hitting an all-time low. However, investor sentiment remained under pressure due to persistent foreign fund outflows and a strong greenback.
According to forex traders, the currency continues to hover near record-low levels amid risk-averse mood triggered by uncertainty over the India-US trade deal. Additionally, a weak trend in domestic equities further weighed on market sentiment.