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Rupee ends at 39.55

MUMBAI: The rupee recovered part of early losses on Wednesday and ended at 39.5450/5500 versus the U.S. currency, cheaper by about 20 paise from previous close of 39.35/36 in anticipation of a large pull out by foreign funds.

In volatile trade at the interbank foreign exchange market, the rupee tumbled to a low of 39.98 following an initial plunge on stock markets and later moved in a range of 39.98 and 39.5450 during the day.

The rupee was largely influenced by stock market activity and recovered from initial lows in line with a bounce in the benchmark Sensex, which ended with 336-point fall. — PTI

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