MUMBAI, Nov 7 (Reuters) - The Indian rupee recovered from the day's lows on Thursday after state-run banks likely sold dollars on behalf of the central bank, five dealers said.
The partially convertible rupee recovered to 62.47/48 after hitting an intraday low of 62.73 on a Standard & Poor's report about a possible rating downgrade next year if the new government failed to push economic growth.
It had closed at 62.39/40 on Wednesday.
(Reporting by Neha Dasgupta and Subhadip Sircar; Editing by Anand Basu) Keywords: MARKETS INDIA FOREX/
(email@example.com)(+91-022-61807201)(Reuters Messaging: firstname.lastname@example.org)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.