Mumbai, India (BBN)-Indian rupee strengthened by 17 paisa to 68.04 against the dollar in early trade at the Interbank Foreign Exchange market Tuesday on fresh selling of the US currency by exporters and banks.
According to forex dealers, dollar’s weakness against some other currencies overseas supported the rupee, reports the PTI.
Moreover, a firm domestic equity market influenced the rupee uptrend, they added.
Yesterday, the rupee had tumbled by over 25 paisa to close at 68.21 against the US dollar on renewed worries over fall in the country’s economic growth coupled with concerns regarding quarterly earnings due from this week.
Meanwhile, the benchmark BSE Sensex recovered by 139.09 points or 0.52 per cent to 26,865.64 in early trade.