The Indian Rupee Recovered Sharply From Its All-Time Low To Trade At 69.83

The Indian rupee recovered sharply from its all-time low to trade at 69.83 to the dollar, up 33 paise in morning on fresh selling of the greenback by exporters and banks ahead of US-China trade talks this week.

Besides, the dollar weakened against other currencies overseas as demand for the safe-currency receded on optimism over a reduction in US-China trade tensions, helping the domestic currency rebound, forex dealers said.

A higher opening in the equity market also supported the rupee's recovery, they said.

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