Indian Rupee recovers by 13 paise against US dollar in early trade

Last updated: May 17, 2016

Mumbai, India (BBN)-Indian rupee appreciated by 13 paise to 66.67 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.
Forex dealers said domestic equity markets opening with gains and dollar’s weakness against other currencies overseas too supported the rupee, reports the PTI.
On Monday, the rupee had lost three paise to hit two-month closing low of 66.80 on persistent dollar demand from banks and importers on the back of higher greenback in the overseas market.
Meanwhile, the benchmark BSE Sensex rose by 167.22 points or 0.65 per cent to 25,820.45 in early trade on Tuesday.
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