RBI measures lift Rupee by 10 paise Vs Dollar in early trade

The rupee recovered by 10 paise to 63.15 against the US dollar in early trade today after the RBI announced fresh measures to curb volatility and ease liquidity situation.

Forex dealers said besides dollar selling by exporters, the Reserve Bank yesterday announced a slew of measures to ease liquidity, including Rs 8,000 crore bond buyback, to ensure adequate credit flow to the productive sectors of the economy, which also supported the rupee.

They said, dollar's weakness against euro overseas also helped the domestic currency.

The rupee had ended 12 paise lower at 63.25 after hitting a fresh low of 64.13 against the US dollar in the previous session.
 

Meanwhile, the BSE benchmark index Sensex rose sharply by 321.66 points, or 1.76 per cent, to 18,567.70 in early trade today.