Raghuram effect: Rupee stages recovery in early trade
Mumbai: The rupee rallied and shares surged on Thursday after the Reserve Bank of India (RBI) chief unveiled a slew of measures to support the ailing currency and open markets, providing a shot of confidence for investors unnerved by the country's worst economic crisis in two decades.
The rupee rose as much as 2.3 per cent to 65.53 per dollar, well off the record low 68.85 hit on August 28.
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Mumbai: The rupee rallied and shares surged on Thursday after the Reserve Bank of India (RBI) chief unveiled a slew of measures to support the ailing currency and open markets, providing a shot of confidence for investors unnerved by the country's worst economic crisis in two decades.The rupee rose as much as 2.3 per cent to 65.53 per dollar, well off the record low 68.85 hit on August 28.
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