Rupee recovers 12 paise against dollar in early trade
A weakening dollar against some currencies overseas and early gains in domestic equity markets supported the rupee
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<a href="http://www.shutterstock.com/pic-111991067/stock-photo-dice-on-rupee-coins-on-indian-currency-notes.html" target="_blank">Rupee</a> image via Shutterstock
The rupee recovered by 12 paise to 64.04 against the dollar in early trade today on fresh selling of the US currency by exporters.
Forex dealers said a weakening dollar against some currencies overseas and early gains in domestic equity markets also supported the rupee.
The rupee had lost 12 paise to close at a new 6-week low of 64.16 per dollar yesterday on persistent demand for the US currency from banks and importers amid a massive plunge in equities.
The benchmark BSE Sensex rose by 100.08 points, or 0.36%, to 27,661.46 in early trade.
Forex dealers said a weakening dollar against some currencies overseas and early gains in domestic equity markets also supported the rupee.
The rupee had lost 12 paise to close at a new 6-week low of 64.16 per dollar yesterday on persistent demand for the US currency from banks and importers amid a massive plunge in equities.
The benchmark BSE Sensex rose by 100.08 points, or 0.36%, to 27,661.46 in early trade.
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First Published: Jul 28 2015 | 9:42 AM IST