The rupee recovered part of early losses on Wednesday and ended at 39.5450/ 5500 to the dollar, cheaper by about 20 paise from the previous close of 39.35/ 36 in anticipation of a large pull-out by foreign funds. In volatile trade at the Interbank Foreign Exchange (forex) market, the local currency tumbled to a low of 39.98 a dollar following an initial plunge on stock markets.
