On Tuesday, the rupee rebounded from its lowest-ever level and settled with a gain of 17 paise at 86.53 against the dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 109.38

At the interbank foreign exchange, the rupee opened at 86.12 and fell to the lowest ever level of 86.59 against the greenback during mid-session, registering a loss of 55 paise from its previous close. The local unit however pared some losses and was later trading 46 paise down at 86.50 versus the dollar.

The rupee logged its steepest single-day plunge in nearly two years ending the session sinking 58 paise on Monday to a historic low of 86.62 to the dollar that has been on a song since October, weighed down by a stronger greenback,

Record surge in crude oil prices, sustained outflow of foreign capital and negative trend in domestic equity markets keep Indian currency under pressure

The Indian rupee rebounded from its record low, appreciating 21 paise to 86.49 against the US dollar in early trade on Tuesday, driven by a retreating American currency and easing crude oil prices.

MUMBAI: The rupee's slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86. 31 against the US dollar, dragged down by a robust American currency amid volatile global cues.

Rupee hit a record low, crossing 86 against the US dollar on Monday, following stronger-than-expected US job data. The report hinted that the Federal Reserve might not reduce interest rates significantly this year,