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The Economic Times
The Economic Times
Business
Atmadip Ray

Rupee rebounds nearly 1% after RBI moves to curb speculative trades

Kolkata: The rupee bounced back nearly 100 paise, or 1% Monday to 95.77 a dollar from the near all-time low following the Reserve Bank of India's measures to curb speculative currency trades.

The currency opened the day at 95.76 a dollar against the previous close of 96.73 and gained to 95.5850 as the separate window for meeting dollar demand from state-owned oil marketing companies eased pressure on the spot rupee.

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