Rupee rebounds! Currency recovers on likely RBI intervention after opening at 91.07 vs dollar

The Indian Rupee hit a record low of 91.07 against the US dollar on Wednesday, pressured by portfolio outflows and stalled trade talks. The Reserve Bank of India intervened to support the currency, which rebounded to around 89.75. This marks the fourth consecutive session of record lows, with the rupee down nearly 1% in five sessions and about 6% year-to-date.