Mumbai, India (BBN) – Indian rupee recovered 7 paisa to 66.95 against the US dollar in early trade on fresh selling of the American currency by exporters and banks.
Besides, foreign fund inflows supported the rupee, but a weak domestic equity market and the dollar’s strength against other currencies overseas capped the gain, forex dealers said, reports The Hindu Business Line quoting PTI.
Yesterday, the rupee had dropped by 14 paisa to close at 67.02 on continued demand for the dollar coupled with its growing strength overseas.
Meanwhile, the benchmark BSE Sensex fell 38.20 points, or 0.13 per cent, to 28,313.42 in early trade.