The Indian rupee regained some ground in early trade on Tuesday, rising by 8 paise to 84.78 against the US dollar. This recovery follows a period of sustained decline and is primarily attributed to fresh foreign fund inflows and a positive sentiment in domestic equities. The rupee had previously hit an all-time low on Monday, marking its steepest fall in over a month.

At the interbank foreign exchange, the rupee opened at 84.80 and traded within a narrow range, briefly touching 84.78, before settling at 84.82 against the greenback. On Monday, the rupee had plunged 20 paise to close at a record low of 84.86 against the dollar.