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Rupee Recovers, But Trades Lower At 70.52 Per Dollar

The Indian rupee has recovered from the lows but trading lower by 12 paise  at 70.52 per dollar on Thursday against previous close 70.40.
Rupee gained in the early hour of the session after the dollar came under pressure against its major crosses and fall in global crude oil prices. On the domestic front, rupee was supported after the RBI decided to scale up the amount of liquidity infusion by Rs 10,000 crore to Rs 50,000 crore this month after a review of the evolving liquidity conditions.
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