After being battered for several days, the rupee staged a smart recovery late on Wednesday on the back of talk that the government may unveil measures to tackle the slide in the currency over the weekend. Calm returned to the stock market as well, with the Sensex gaining 305 points to close the day at 37,718 points. The robust growth of nearly 20% in the country’s exports in August also helped boost the rupee’s sentiment.
After being battered for several days, the rupee staged a smart recovery late on Wednesday on the back of talk that the government may unveil measures to tackle the slide in the currency over the weekend. Calm returned to the stock market as well, with the Sensex gaining 305 points to close the day at 37,718 points. The robust growth of nearly 20% in the country’s exports in August also helped boost the rupee’s sentiment.
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