The Indian central bank intervened heavily on Wednesday to prop up the rupee, traders said, helping the currency rally past the 90 level.
The rupee was quoting at 89.9325 to the US dollar, up 0.26 per cent on the day. The currency has opened on a weak note before staging a rally on the back of the central bank support.
On the interbank order matching system, the rupee hit a high of 89.7550.
Source: www.khaleejtimes.com