The Indian rupee rebounded from its all-time low, closing 8 paise higher against the US dollar on Tuesday. The recovery was attributed to a weaker dollar and a slight bounce back in the domestic markets.

Rupee rebounds against US dollar on positive inflation data, easing crude oil prices, and recovering equity markets.

At the interbank foreign exchange, the rupee opened at 86.12 and fell to the lowest ever level of 86.59 against the greenback during mid-session, registering a loss of 55 paise from its previous close. The local unit however pared some losses and was later trading 46 paise down at 86.50 versus the dollar.

The Indian rupee rebounded from its record low, appreciating 21 paise to 86.49 against the US dollar in early trade on Tuesday, driven by a retreating American currency and easing crude oil prices.

MUMBAI: The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.

Rupee logs steepest single-day fall in nearly two years; ends 57 paise down at record low of 86.61 (provisional) against US dollar.

At the interbank foreign exchange, the rupee opened at 86.12 but quickly fell to the historic low of 86.31 in early trading, registering a 27 paise loss from its previous close of 86.04 on Friday.

The rupee logged its steepest single-day plunge in nearly two years ending the session sinking 58 paise on Monday to a historic low of 86.62 to the dollar that has been on a song since October, weighed down by a stronger greenback,

The Indian rupee is poised to decline against the U.S. dollar at the open on Monday, dipping past the 86 level, after a blowout U.S. jobs report increased the likelihood that the Federal Reserve may not cut rates anytime soon.