After two consecutive days of ending at record lows, the rupee takes a break.

The rupee recouped losses early Friday after falling to an all-time low of 78.32 against the dollar . The rupee was down from 78.19 to 78.24 in early trade .

The rupee recouped losses early Friday, after falling to an all-time low of 78.32 against the dollar in the previous two sessions, mainly due to a drop in commodities prices, which provided a buffer to inflation worries and the resultant aggressive policy tightening.The rupee was down from 78.19 to 78.24 in early trade, according to Anil Kumar Bhansali, Senior Treasury Advisor at Finrex Treasury Advisors.With a wide variety of industrial and construction uses, copper is a leading indicator of economic activity.Copper dropped 3% in Shanghai and is down more than 7% this week, the biggest weekly decline since the financial markets collapsed in March 2020, with Chicago wheat down nearly 9% for the week and its lowest level since March, $9.42 a bushel.

The rupee could be at new lows as a result of a cash shortage and forward market intervention by the Dealers cautioned that the loss of forward premia is likely less appealing to foreign investors as a result of lower forward premia, and that a sellbuy swap window may be required if the situation worsens.According to Vivek Kumar, an economist at QuantEco Research, this is amplifying the message from the interest rate difference between India and the United States.Up until last year, when the RBI intervened to prevent a sustainable appreciation of the rupee, it bought ahead dollars to prevent a influx of rupee liquidity into the spot market.