Rupee rallies on RBI support

AFTER PLUNGING TO arecord lowadayago,the rupee bounced back sharply on Thursday, likely due to aggressive intervention by the Reserve Bank of India's (RBI),according to traders.

- CHRISTINA TITUS

The domestic currency ended 55 paise or 0.60% up at 91.60 against the dollar after hitting an intra-day high of 91.41, emerging as Asia's top-performing currency.

On Wednesday, the currency had declined to a record low of 92.15 after the West Asia war intensified, which led to a spike in crude oil prices.