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Rupee recovers marginally against dollar in early trade

Fresh selling of the American currency by exporters helped the value of the rupee

Press Trust of India  |  Mumbai 


The was marginally higher by two paise to 68.59 against the US in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

Besides, the dollar's weakness against some other currencies overseas supported the rupee, but a lower opening of the domestic equity market capped the gains, traders said.

The had lost 15 paise to end at a fresh 30-month low of 68.61 in yesterday's trade on renewed demand for the American currency from banks and importers on the back of higher greenback overseas amid sustained foreign capital outflows.

The benchmark BSE Sensex fell by 113.08 points, or 0.48%, to 23,675.71 in early trade today.

First Published: Tue, February 23 2016. 09:42 IST