Currency Buzz: INR gains marginally after hitting record low

The Indian rupee gained some lost ground on Wednesday. INR opened at Rs 88.79 and trades at 88.71, up 9 paise on the day. Yesterday, rupee extended downside to hit a new record low pressured by sustained foreign capital outflows amid global trade uncertainties. Rupee fell to an all-time low against the US dollar on Tuesday. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit.

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