Indian rupee rebounds

The Indian rupee jumped more than 2 percent on Friday and was on track to post its biggest single-day rise in more than two years after the central bank took steps to stem the currency's plunge to a series of record lows. At 10:47 am (0517 GMT), the rupee bounced to 52.67/70 per dollar from 53.64/65 at close on Thursday.
After the market closed on Thursday, the Reserve Bank of India reduced trading limits for banks in the foreign exchange market, making it difficult for market players to keep speculative positions open for a long time.