The Indian Rupee saw its best gain since June 3, strengthening to 86.36/$1 due to a softer dollar index and a contraction in the December trade gap. The Reserve Bank of India's interventions helped stabilize the currency after its recent all-time lows,

At the interbank foreign exchange, the Indian rupee opened at 86.57 and pared further losses to trade at 86.49 against the US dollar in initial deals, 21 paise higher from its previous close.

MUMBAI: The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.

Rupee hit a record low, crossing 86 against the US dollar on Monday, following stronger-than-expected US job data. The report hinted that the Federal Reserve might not reduce interest rates significantly this year,