Rupee extends recovery: Currency gains 9 paise in early trade; all eyes on RBI’s monetary policy decision

The rupee recovered 9 paise to 89.80 against the US dollar in early trade on Friday, ahead of the RBI’s monetary policy announcement. This bounce back follows a volatile week where the rupee hit new lows, influenced by foreign investor selling and rising crude oil prices. Market participants await the RBI governor’s views for near-term direction.