Rupee recovers by 15 paise vs dollar in morning trade

The rupee hovered in a range of 61.44 - 61.49 per dollar

The Indian rupee recovered by 15 paise to 61.47 against the American currency in morning trade on fresh selling of dollars by banks and exporters in the wake of strong foreign capital inflows.

The rupee resumed higher at 61.45 per dollar as against last weekend's level of 61.62 at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 61.44 - 61.49 per dollar before quoting at 61.47 at 1000hrs.

Banks and exporters preferred to sell dollars in view of strong foreign capital inflows into equity market, a forex dealer said.

The Indian benchmark sensex was quoted down by 9.18 pts or 0.03 per cent to 27,859.45 at 1000hrs after hitting an all- time high level of 28,027.96.
 
In the New York market, the ICE US Dollar Index finished higher for the third week in a row last Friday, boosted by gains against the euro, pound and yen that pushed greenback rise to multi-year highs.