The rupee recovered 15 paise from its all-time low level to close at 87.65 against the US dollar on Thursday, amid lower crude prices and suspected RBI interventions, after US President Donald Trump's announcement of 25 per cent tariffs on Indian imports and a penalty for buying Russian crude.
Forex traders said the rupee, after plunging 89 paise, logging its steepest single-day fall in over three years on Wednesday, recovered some lost ground but the broader outlook remains weak.
At the interbank foreign exchange, the domestic unit opened at 87.66 against the greenback, touched an intra-day low of 87.74 and a high of 87.51 against the American currency.
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