INSUBCONTINENT EXCLUSIVE:
US Dollar, Indian Rupee: The rupee's last life low of 69.0950 was touched on June 28.
The rupee
extended Thursday's losses as it hit a record low of 69.13 per dollar in early trade on Friday, tracking weakness in the yuan, reported news
The rupee was trading at 69.11/12 per dollar as of 9:20 am, compared with the previous close of 69.0650/0750
However, rupee recovered from its all-time low, rising 9 paise to 68.96 against the American currency in late morning deals on bouts of
dollar-selling from banks and exporters amid higher domestic equities, according to news agency Press Trust of India
Traders were cautious of the Reserve Bank of India stepping in to prevent a sharp fall in the currency and also monitored the domestic stock
On Thursday, the rupee hit an all-time closing low of Rs 69.05 against the US dollar
