Rupee Up Slightly, States' Polls In Focus

The rupee was up slightly on Thursday after recouping its losses in the previous session tracking a rally in Wall Street stocks buoyed by hopes of a diplomatic solution from the planned talks between Russia and Ukraine.

But the focus will be on the assembly elections' results in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa.

The energy-sensitive currency gained slightly to 76.2510 early on Thursday, according to Reuters. While the Press Trust of India (PTI) said the rupee up 38 paise to 76.24 in early trade.

On Wednesday, the rupee gained to close at 76.62 against the US dollar following a retreat in crude oil prices and rebound in domestic equities.

At the interbank forex market, the rupee opened at 76.90 and witnessed an intra-day high of 76.53 and a low of 76.92 in the previous session.

That after the rupee fell to close at a lifetime low of 77 on Tuesday, weighed by surging crude oil prices.