Agence France-PresseAugust 29, 2013 09:46
India's rupee recovered sharply Thursday, erasing most of its losses from the day before when it posted a record low, following the central bank's new moves to support the currency.
The currency ended Thursday at 66.55 to the dollar, gaining 3.27 percent from a record closing low of 68.80 on Wednesday.
Indian shares jumped 2.25 percent to 18,404.04 points.
The Reserve Bank of India (RBI) late Wednesday said it would start providing dollars directly to three major oil importing companies through a separate bank, in a bid to curb the rupee's volatility.