Rupee recovers 7 paise from all-time low to close at 88.68 against US dollar

The rupee edged up 7 paise to 88.68 against the dollar due to suspected RBI intervention, despite a strong US dollar, H1-B visa fee hike, and rising crude oil prices. Exporter dollar sales and RBI actions cushioned the fall, while global trade uncertainties and the US visa fee impact on IT exports remained concerns.