Currency Buzz: INR appreciates from record lows, breaks well under 91 per US dollar mark

Indian Rupee edged up today, rebounding after hefty losses in last two sessions that dragged the currency to record lows above 92 per US dollar mark. The local currency rose right from the start today as NIFTY50 index moved up from eight month low. However, with Brent crude oil futures holding around 18-month highs near $84 per barrel, INR could find it challenging to sustain these gains. INR currently quotes at 91.60 per US dollar, up 45 paise on the day. On NSE, USD/INR futures are quoting at 91.71, down 0.53% on the day.

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