Mumbai, India (BBN) – Indian rupee strengthened by 5 paisa to 65.39 per US dollar in early trade due to selling of the US currency by exporters and banks.
A firm domestic equity market also boosted the domestic currency, dealers said, reports The Hindu Business Line quoting PTI.
Indian rupee had lost 14 paisa to close at 65.44 per US dollar on fresh dollar demand from importers.
In global trade, the US dollar had strengthened against major world currencies with the dollar index inching up by 0.08 per cent against a basket of currencies yesterday.
Meanwhile, the benchmark BSE Sensex recovered 147.50 points or 0.5 per cent to 29,315.18 points in early trade.