The Indian rupee made a watchful recovery of 18 paise higher to 73.88 per US dollar in Tuesday’s trade session.
According to traders, overseas weakness of the dollar, reduction of prices in crude oil globally and an elevated opening in the domestic stock market sustained the recovery of the domestic unit.
The home currency was trading higher 18 paise at 73.88 in morning trade at the forex market.
In the current year of 2018, the IMF’s (International Monetary Fund) predicts a growth rate of 7.3% for India and 7.4% in the year 2019.
The rupee crashed to 30 paise to close at a new all-time low of 74.06 against the greenback in the previous session on Monday.
Meanwhile, the domestic stock market opened Tuesday’s session on a green note.
The BSE Sensex traded at 34,578.35, surging 103.97 points or 0.30%, and the NSE Nifty50 up with 43.50 points or 0.42% to trade at 10,391.55.
