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News Details

( As on 07/02/2025 12:37)

Rupee recovers 26 paise from all-time low level to 87.33 against US dollar

The rupee recovered 26 paise from all-time low closing level to 87.33 against the US dollar on Friday and was later trading at 87.45 against the greenback after the Reserve Bank reduced repo rate by 25 basis points.

At the interbank foreign exchange, the rupee opened at 87.57, it touched an intraday high of 87.33 and a low of 87.57 against the greenback in morning trade. It was trading at 87.45 against the US dollar at 1213 hrs.

Forex traders said it was widely anticipated that the Reserve Bank of India (RBI) will deliver a rate cut and hence the market has not reacted much to the rate cuts.