The rupee rebounded from its all-time low level and closed 9 paise higher at 83.52 against the US dollar on Thursday as the American currency and brent crude oil prices retreated from their elevated levels.
At the interbank foreign exchange market, the local unit opened at 83.51 against the greenback. The unit hit an intra-day high of 83.49.
The domestic unit finally settled at 83.52 against the dollar, 9 paise higher from its previous close.