INR Vs USD: On Tuesday, the rupee skidded by 46 paise to settle at 72.97.
The Indian rupee rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market, reported news agency Press Trust of India (PTI). The Indian currency recovered on fresh selling of the US currency by exporters and banks. According to forex dealers, easing crude prices in the global market and weakness in the dollar against other currencies overseas also helped the domestic currency rebound. A higher opening in the equity market also supported the recovery in the local currency.