The rupee had closed at 66.55 per dollar on Thursday, witnessing the biggest single day gain since January 1998.
Mumbai: After making a smart recovery on Thursday, the rupee opened at 67 vs dollar on Friday.
The rupee had closed at 66.55 per dollar on Thursday, aided by Reserve Bank steps. The Rs 2.24 or 3.5 per cent jump witnessed on Thursday was also the biggest single day gain since January 1998.
The rupee had rebounded after the Reserve Bank sold dollars to oil companies thereby providing relief to the currency.
Policymakers scrambled for solutions to what some economists are now describing as a crisis. These included monetising the country's stash of gold and lowering fuel consumption to reduce import demand.
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