Rupee recovers 75 paise from all-time low to close at 88.06 against US dollar

The Indian Rupee saw a significant recovery, gaining 75 paise against the US Dollar. This surge was driven by likely Reserve Bank of India intervention and a strong performance in domestic stock markets. Optimism surrounding India-US trade talks also boosted investor sentiment. A weaker US Dollar and falling crude oil prices further supported the Rupee’s upward movement.