The Hindu Business Line file photo
Mumbai, India (BBN) - The Indian rupee recovered by 8 paisa to 64.55 against the dollar on fresh selling of the US currency amid a strong domestic equity market.
According to forex dealers, a weak dollar overseas also supported the rupee, reports PTI.
Meanwhile, the dollar index fell to a near three-week low on disappointing US housing starts data.
Yesterday, the rupee had lost 11 paisa to close at 64.63 on dollar demand from importers as growing geopolitical unrest hastened the flight to safety.
The benchmark BSE Sensex rose 54.45 points, or 0.18 per cent, to 29,373.55 in opening trade.
BBN/SS/AD