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Rupee reclaims 3 paise against US dollar

Press Trust of India  |  Mumbai 

The rupee recovered some lost ground to trade higher by 3 paise at 64.49 against the US currency in early trade today after exporters and banks stepped up dollar selling.

dealers said weakness in the dollar against its key rivals overseas gave some support to the rupee.

Further, a higher opening in the domestic also influenced the market trend, they added.

Yesterday, the rupee had lost 11 paise to close at 64.52 on fresh bouts of dollar demand from importers amid continued geo-political headwinds.

Meanwhile, the benchmark rose 168.39 points, or 0.57 per cent, to 29,582.05 in early trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 09:42 IST