Wednesday, Apr 24, 2024 | Last Update : 06:49 PM IST
Rupee recovers against dollar in early morning trade
The rupee recovered 13 paise to 64.25 against the US dollar at the Interbank Foreign Exchange market.
Mumbai: The rupee recovered 13 paise to 64.25against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters and banks.
Besides, a higher opening of domestic stocks and fresh bout of foreign fund inflows kept the domestic unit in high spirits, forex dealers said. However, the dollar's recovery against some currencies overseas on a strong US jobs report restricted the rupee's upmove.
On Friday, the rupee plunged 20 paise to end at a fresh two-week low of 64.38 against the US dollar as a massive fall in local equities amid heightened global volatility took toll
on the currency market. Meanwhile, the benchmark BSE Sensex bounced 78.22 points, or 0.26 per cent, to 29,937.02 in early trade.
