Mumbai, 18 november: The Indian rupee today snapped out of the four meetings of the losses of the spree and moderately by nine paise recovered to close at $ RS 45.22/23 against the u.s. currency after late local shares rebound in the midst of a weaker dollar overseas.
Good dollar question of importers, particularly the oil refineries, after mid-session of the rupee rise also supported.
In a pretty active trading on the market of the interbank foreign exchange (Forex) opened the local unit is weak on RS 45.44/45, a dollar from Tuesday close to RS 45.31/32/a dollar. yesterday, was the market closed for "Bakri-Id".
It became later a fresh 2-months intra-day low of 45.58 in accordance with the steep drop in shares where the benchmark Sensex with nearly 250 points in the morning trade decreased.
But, the Indian currency recovered in the last part of the day to log a culmination of 45.2075 prior to the conclusion at 45.
-Agencies
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