Rupee recovers, jumps to 66.88 as RBI moves on oil imports

New Delhi  : The rupee rebounded on Thursday from a record low after the Reserve Bank of India’s move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.

The rupee rose as high as 66.88 per dollar shortly after the open, up sharply from a record low of 68.85 per dollar on Wednesday when the currency posted its biggest single-day percentage fall since October 1995.

File Photo  : AFP