Rupee recovers from all-time low, hits 91.93 as oil prices ease

The Indian rupee recovered slightly to 91.93 against the US dollar on Tuesday after hitting an all-time low of 92.35 a day earlier. The rebound came after US President Donald Trump indicated that the conflict in the Middle East could end soon. His remark led to a sharp drop in oil prices, which earlier crossed the $100-per-barrel mark.