Indian rupee regains stability after falling to near all-time low

BENGALURU -- The Indian rupee has regained stability after falling to a near all-time low against the dollar due to heavy selling triggered by election results suggesting Prime Minister Narendra Modi's alliance would come away with a narrow victory.

The rupee's movements underscore India's resilient economy and financial stability, Shaktikanta Das, governor of the Reserve Bank of India, said on Friday as he announced the central bank's decision to stand pat in the first monetary policy meeting after the general elections.