Indian rupee has recovered marginally from record low of 68.75, which waswitnessed earlier in the day.
Rupee was under pressure amid concern over India's fiscal deficit after approval to Food Security Bill. This coupled with conflict in the Syria, which pushed global commodity prices higher, will raise the country's import bill.
Rupee was lower by184 paise or 2.8% against US dollar to Rs 68.08 (1.00 p.m.).Rupee touched high and low of 67.06 and 68.75 respectively after opening at Rs 67.06 against US dollar.
On Tuesday rupee settled up 192 paise or 3% against US dollar at Rs 66.24.
