Rupee rises 4 paise to 88.72 against dollar

‘The rupee rebounded from its all-time low to close 4 paise higher at 88.72 against the US dollar on Friday, tracking a weak greenback against major Currencies overseas & a drop in global oil prices.

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Unabated foreign fund outflows and risk-off sentiment in the domestic equity market prevented a sharp rise in the local unit, while hopes of a breakthrough in the