Rupee recovers as exporters, banks sell dollars

Lower domestic shares, dollar strength overseas cap gains

After sliding for three straight days, the rupee recovered 10 paise to 63.90 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of the American currency by exporters and banks.

Forex dealers said a lower opening in the domestic equity markets and dollar's strength against other currencies overseas capped the gains.

The Indian rupee had lost 10 paise to close at 64 against the greenback after plunging to a fresh 20-month low of 64.26 in yesterday's trade.

Meanwhile, the benchmark BSE Sensex fell 84.16 points, or 0.31%, to 26,729.26 in early trade today.