MUMBAI (Reuters) - The Indian rupee recovered from the day's lows on Thursday after state-run banks likely sold dollars on behalf of the central bank, five dealers said.
The partially convertible rupee recovered to 62.47/48 after hitting an intraday low of 62.73 on a Standard & Poor's report about a possible rating downgrade next year if the new government failed to push economic growth.
It had closed at 62.39/40 on Wednesday.
(Reporting by Neha Dasgupta and Subhadip Sircar; Editing by Anand Basu)