Rupee gains as risk assets stabilise

Mumbai: The rupee gained on Thursday as global risk assets stabilised globally after a recent sell off.

The rupee was at 54.30/32 to the dollar in early trade versus its Wednesday close of 54.51, which was just off the record low of 54.52 to the dollar hit on the same day.

Earlier, thee rupee slumped to a record low against the dollar on Wednesday as the global risk version added pressure on a currency already under fire from the country's current account and fiscal deficits.