Rupee Recovers 49 Paise to 89.17 After Record Low; Markets Watch India-US Trade Deal Progress

The Indian rupee rebounded by 49 paise to 89.17 against the US dollar on Monday, supported by strong domestic equities, RBI intervention, and easing crude oil prices. However, analysts caution that volatility may persist ahead of a potential India-US trade agreement expected by the end of December.

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