Rupee rebounds from record low: Currency rises 128 paise to 93.57 against US dollar

Rupee rebounds from record low: Currency rises 128 paise to 93.57 against US dollar

The Indian rupee saw a significant rebound, gaining 128 paise to 93.57 against the US dollar following RBI’s directive to limit banks’ currency exposure. This move prompts banks to reduce dollar holdings, offering temporary support.

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