However, a suspected RBI intervention stemmed the slide of the rupee, which recovered partially to end the day at 68.73 -- a 39-month closing low. If the same trend continues, analysts say, the rupee may even touch the 70 level in the near future. The rupee opened lower at 68.74 per dollar as against yesterday's closing level of 68.56 at the forex market and dropped to an all-time low of 68.86 before ending at 68.73. As the rupee plunged to a record low today, the finance ministry stepped in and said it is closely monitoring the currency movement. In the forward market, premium for the dollar dropped further owing to sustained receivings from exporters.

Source: dna November 24, 2016 12:44 UTC