Rupee rallies most in 18 months, jumps 100p from record low
The rupee rallied the most in 18 months on Wednesday after an official said the government and RBI will do "everything to ensure that rupee does not slide to unreasonable levels". After hitting a new low of 72.92 per dollar in early trading, the rupee strengthened as much as 1.4% to 71.92. The local currency closed up 0.7% at 72.19.n