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FOREX - RUPEE RECOVERS SHARPLY VS DOLLAR - MARCH 31, 2009.
MUMBAI, March 31 Asia Pulse - The Indian rupee today recovered sharply by 48 paise to close at 50.70/71 against the greenback following firm equity markets amid a weak dollar overseas.
In active trade at the Interbank Foreign Exchange (Forex) market, the domestic unit opened higher at 51.03/05 from its previous close of 51.18/19 and improved further to close at 50.70/71 a dollar, a rise of 0.94 per cent.
It moved in a range of 50.63 and 51.20 a dollar during the day. Yesterday, the rupee had plunged by a whopping 60 paise or 1.19 per ...
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