Rupees rise slightly after recovering in previous session
The rupee edged up slightly on Thursday after recouping its losses in the previous session as Wall Street stocks rallied on hopes of a diplomatic resolution from planned talks between Russia and Ukraine.
The energy-sensitive coin edged up slightly to 76.2510 early Thursday, according to Reuters.
On Wednesday, the rupee rose to close at 76.62 against the US dollar after crude oil prices fell and the domestic stock market rebounded.
In the interbank forex market, the rupee opened at 76.90 and saw an intraday high of 76.53 and a low of 76.92 in the previous session.
That after the rupee fell to close at a lifetime low of 77 on Tuesday, weighed down by higher crude oil prices.
