<p><strong>Mumbai News LIVE Updates: </strong>The rupee on Tuesday rallied 66 paise, recording its steepest single-day recovery in nearly two years, to settle at 86.79 against the US dollar, backed by dollar selling by banks. According to forex traders, Tuesday`s sharp gain a day after sliding closer to the 88 level shows a highly volatile currency market amid concerns over the worldwide tariff war. We are closing the LIVE blog now</p>