Rupee Rebounds to 90 Against Dollar After Early Gains Fade

• The Indian rupee initially strengthened to 89.96 against the US Dollar, gaining 24 paise.
• Early gains were supported by corporate dollar inflows and easing crude oil prices.
• Despite the strong start, the rupee later fell back to the 90 mark against the US dollar.
• Earlier this week, the rupee had hit a fresh record low, breaching the 91-a-dollar mark.
• EAC-PM member Sanjeev Sanyal is not concerned about the rupee's weakness, citing historical trends during high growth phases.

Why It Matters: Rupee's early gains against USD reversed, settling at 90; experts remain unconcerned.