Indian Rupee recovers 12 paise against US dollar in early trade

Mumbai, India (BBN)-Indian rupee recovered by 12 paise to 64.04 against the dollar in early trade on Tuesday on fresh selling of the US currency by exporters.
Forex dealers said a weakening dollar against some currencies overseas and early gains in domestic equity markets also supported the rupee, reports the Press Trust of India.
The rupee had lost 12 paise to close at a new 6-week low of 64.16 per dollar on Monday on persistent demand for the US currency from banks and importers amid a massive plunge in equities.
The benchmark BSE Sensex rose by 100.08 points, or 0.36 per cent, to 27,661.46 in early trade.
BBN/SK/AD

No Subscription? You Are Missing Out!

Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription