Aug 29, 2013, 05.27 PM IST
After touching life-low of 68.80 against the dollar on Wednesday, the Indian rupee made a sharp comeback on Thursday. It closed 3.5 percent at 66.55 per dollar.
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The rupee 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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