In line with the smart recovery in local equity markets from its early low, the rupee also rebounded from its initial weakness and ended up by nearly four paise to 48.68/70 against the greenback.

In active trade at the Interbank Foreign Exchange (Forex) market, the local currency resumed sharply down at 48.83/84 a dollar from the previous close of 48.72/73, and touched a low of 48.88 per dollar.

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