Mumbai, September 12 – The Indian rupee rebounded from its all-time low on Friday, ending 7 paise higher at 88.28 (provisional) against the US dollar, supported by weakness in the US dollar index and firm domestic equity markets.
Currency traders said the rupee traded in a narrow range throughout the session, hovering close to record-low levels amid tariff-related pressure on India’s exports and continued foreign fund outflows weighing on investor sentiment.
At the interbank foreign exchange market, the local unit opened at 88.39 and slipped to an intraday low of 88.42 before recovering to close at 88.28, marking a modest rebound from the previous session’s close.