Equity

The Indian rupee recovered momentum in opening trades on Thursday, pulling back from record low levels hit in the previous session. INR opened at Rs 92.16 per dollar and bounced back under the 92 mark tracking positive momentum in domestic equity markets. Dollar trimming gains below 99 mark also supported the local unit. The domestic unit hit a low of 91.30 so far during the day and is currently trading at 91.59. However, higher crude oil prices, a strengthening American currency and intense selling of Indian equities by foreign investors amid escalating tension in the Middle East kept the local unit under pressure. The benchmark BSE Sensex was up 332 points, or 0.4 percent, at 79,448 in early trade while the broader NSE Nifty index edged up by 111 points, or half a percent, to 24,592.

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