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Rupee recovers, closes at 19.64 against dirham

Khaleej Times logo Khaleej Times 12/09/2018 IANS
Indian rupee hits all-time law of 19.84 against UAE dirham © Provided by Khaleej Times Indian rupee hits all-time law of 19.84 against UAE dirham

The Indian rupee recovered from the day's low to trade around 72.50 per dollar during the closing session on Wednesday.

Around 1.45pm, the rupee traded at 72.50 per dollar, appreciating by 19 paise from its previous close of 72.69 per greenback.

Earlier in the day, it hit a new record low of 72.91 per dollar, weighed down by inflationary concerns and amid weakness in global currencies against the dollar.

The market would focus on the country's Index of Industrial Production and Consumer Price Index data to be released later.

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