Gold Silver Reports (GSR) – Rupee recovers from record low against US dollar – The Indian-rupee (₹) along with Asian currencies-reversed earlier declines on Friday triggered by China weakening the yuan’s daily fixing by the most in more than two years.
The shift came after a sudden paring in the yuan’s drop, which spurred speculation of some type of intervention by Peoples Bank Of China,
@ 9.45am, the rupee was trading at ₹68.97, up 0.13% from its previous close of ₹69.05. It opened at ₹68.97.
