Rupee Recovers From Record Low; Opens 23 Paise Higher Against USD At 74.16

The domestic currency rupee opened higher on Wednesday, zooming 23 paise to 74.16 against the US dollar after the US Dollar weakened amid increased selling by exporters. Besides, RBI’s decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961