Mumbai: The rupee recovered by 5 paise to
63.66 against the dollar in early trade today on mild selling
of the US currency by exporters amid a higher opening in
domestic equity markets.
Currency traders said weakness in the dollar against
major global currencies overseas supported the rupee.
Yesterday, the rupee had dropped sharply by 20 paise
to end at a fresh one-week low of 63.71 against the US
currency following steady uptick in dollar demand from
importers and banks amid surging crude prices.
Meanwhile, the benchmark BSE Sensex rose by 122.44 points
or 0.35 per cent to trade at new lifetime high of 34,565.63
while the NSE Nifty was up 18.50 points, or 0.17 per cent to
10,655.50 in early trade.
PTI
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