Rupee Gains Sharply To Below 78 Per Dollar Ahead Of RBI Announcement

The rupee gained sharply early on Friday, reversing a sharp fall in the previous session, ahead of the Reserve Bank of India's policy announcement.

The rupee gains sharply early on Friday, reversing a sharp fall in the previous session, ahead of the Reserve Bank of India's policy announcement. 

Bloomberg quoted the rupee at 78.9713 against the greenback, a gain of 50 paise from its previous close of 79.4713.