Photo: The Hindu Business Line
Mumbai, India (BBN) - Indian rupee recovered 13 paisa to 64.53 against the US dollar in early trade at the Interbank Foreign Exchange market today on fresh selling of the American currency by banks and exporters.
Forex dealers said a higher opening of the domestic equity market, which soared to a new high, and a weak dollar against some other currencies overseas supported the rupee, reports the PTI.
Yesterday, the rupee had lost 16 paisa to end at 64.66 against the US dollar due to sustained demand for the greenback from banks and importers.
Meanwhile, the benchmark BSE Sensex rose 74.28 points or 0.23 per cent to hit yet another new high of 31,233.68 in early trade.
BBN/SSK/AD