Mumbai, India (BBN) – Indian rupee recovered 10 paisa to trade at 67.31 against the US dollar in early trade on fresh dollar selling by exporters and banks.
Forex dealers said dollar’s weakness against other currencies overseas supported the rupee, reports The Hindu Business Line quoting PTI.
A higher opening in the domestic equity market ahead of the RBI’s monetary policy review added to the upside, the said.
Yesterday, the rupee had lost 19 paisa to close at 67.41 against the US currency amid fresh bouts of dollar demand ahead of RBI’s bi-monthly policy review.
Meanwhile, the benchmark BSE Sensex recovered by 56.48 points, or 0.19 per cent, at 28,391.64 in early trade.